BEIJING, Oct. 28, 2014 /PRNewswire/ -- Perfect World
Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a
leading online game developer and operator based in China, today announced its restructuring of
R&D teams under which five new subsidiaries have been formed.
The structure of forming new subsidiaries that are majority-owned
by Perfect World is aimed to help attract and motivate top talent
by granting them direct stake in the subsidiaries under the new
incentive scheme. Perfect World will support these subsidiaries
with the Company's proprietary technology, graphic design,
integrated platform, distribution channels and other valuable
resources. The Company believes that the new structure will help
invigorate the game development process, support game design
flexibility, allow faster reaction to changing market trends, and
boost game development productivity.
Mr. Robert Xiao, Chief Executive
Officer of Perfect World commented, "We believe that our decision
to allow R&D teams to establish new subsidiaries will not only
encourage our current employees, attract new talent, and help
maximize development potential, but also enhance our competitive
edge by creating a more flexible structure that helps us to respond
more quickly to market trends. In the long term, we believe the
restructuring will help accelerate the Company's future growth
while simultaneously cultivating a corporate culture that embraces
entrepreneurial spirit."
About Perfect World Co., Ltd. (http://www.pwrd.com)
Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game
developer and operator based in China. Perfect World primarily develops online
games based on proprietary game engines and game development
platforms. Perfect World's strong technology and creative game
design capabilities, combined with extensive knowledge and
experiences in the online game market, enable it to frequently and
promptly introduce popular games designed to cater changing
customer preferences and market trends. Perfect World's current
portfolio of self-developed online games includes massively
multiplayer online role playing games ("MMORPGs"): "Perfect World,"
"Legend of Martial Arts," "Perfect
World II," "Zhu Xian," "Chi Bi,"
"Pocketpet Journey West," "Battle of the Immortals," "Fantasy Zhu
Xian," "Forsaken World," "Empire of the Immortals," "Return of the
Condor Heroes," "Saint Seiya Online," "Swordsman Online," "Holy
King" and "Legend of the Condor Heroes;" an online casual game:
"Hot Dance Party;" and a number of web games and mobile games.
While a majority of the revenues are generated in China, Perfect World operates its games in
North America, Europe, Japan, Korea and Southeast Asia through its own subsidiaries.
Perfect World's games have also been licensed to leading game
operators in a number of countries and regions in Asia, Latin
America, and the Russian
Federation and other Russian speaking territories. Perfect
World intends to continue to explore new and innovative business
models and is committed to maximizing shareholder value over
time.
Safe Harbor Statements
This press release contains forward-looking statements. These
statements constitute forward-looking statements under the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "confidence," "estimates" and similar statements. Such
statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Potential risks and uncertainties
include, but are not limited to, Perfect World's ability to develop
and operate new games that are commercially successful, the growth
of the online game market and the continuing market acceptance of
its games and in-game items in China and elsewhere, its ability to protect
intellectual property rights, its ability to respond to competitive
pressure, its ability to maintain an effective system of internal
control over financial reporting, changes of the regulatory
environment in China, and economic
slowdown in China and/or
elsewhere. Further information regarding these and other risks is
included in Perfect World's filings with the U.S. Securities and
Exchange Commission, including its annual report on Form
20-F. Perfect World does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under applicable law.
For further information, please contact
Perfect World Co., Ltd.
Vivien Wang - Vice President, Capital Market & Corporate
Communications
Tel: +86-10-5780-5700
Fax: +86-10-5780-5713
Email: ir@pwrd.com
http://www.pwrd.com
Christensen Investor Relations
Patty Bruner
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: pbruner@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
Logo -
http://photos.prnewswire.com/prnh/20090416/CNTH023LOGO
SOURCE Perfect World Co., Ltd.