PERFECT WORLD ENTERTAINMENT SETS OPEN BETA DATE FOR LEGEND OF MARTIAL ARTS

FOR IMMEDIATE RELEASE

December 3, 2010 - Foster City, Calif. - Perfect World Entertainment Inc., a wholly owned US subsidiary of Perfect World Co., Ltd. (NASDAQ: PWRD), today announced that its upcoming MMO, Legend of Martial Arts, which is currently in closed beta testing, will be launching into open beta on December 15, 2010. Previously known as Kung Foo!, Perfect World Entertainment took player feedback from the first closed beta and revamped the game with a complete graphic overhaul along with a plethora of new content and features.

"We're extremely excited to see such positive feedback for Legend of Martial Arts and receive confirmation that the game's new direction of development is in line with our community's feedback," said Jonathan Belliss, Director of Marketing for Perfect World Entertainment, Inc. "It has been rewarding to see a great reception from players both old and new alike."

Starting today, Perfect World Entertainment will reward players for redeeming closed beta keys as well as referring their friends. For each key redeemed, a player will be entered into the raffle sweepstakes and one additional entry (up to 2) for each friend who redeems a referral key for a chance to win 1 of 5 ASTRO Gaming A30 headsets (MSRP $129.95) as well as for the grand prize, 1 iBUYPOWER Chimera 2 desktop computer (MSRP $1,299.00). For players who have already redeemed a closed beta key, they can enter by simply logging into Legend of Martial Arts once open beta launches on December 15, 2010 through to December 31, 2010. In addition, Perfect World Entertainment will be rewarding players with in-game items for open beta based on how many friends players refer. 

1 Referral Key Redeemed = Celestial Dew for 10,000 years (Health Battery Item)

2 Referral Keys Redeemed = Holy Charm (1-Day Convenience Item)

For more information on the Legend of Martial Arts closed beta sweepstakes rules, terms and eligibility requirements, please visit the official website at http://LOMA.perfectworld.com

About Perfect World Entertainment Inc.

Perfect World Entertainment Inc., a subsidiary of Perfect World Co., Ltd. (NASDAQ: PWRD), publishes free-to-play online games and provides online services in North America. The Company primarily publishes online games based on the Perfect World proprietary game engines and game development platforms. The Company's releases include "Heroes of Three Kingdoms," "Battle of the Immortals," "Ether Saga Online," "Jade Dynasty" and "Perfect World International," a free-to-play MMORPG which is currently played by millions of people worldwide; and a single-player action-RPG "Torchlight." 


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