| The9 Announces Executive Promotion |
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Shanghai, China-December 29, 2005. The9 Limited
(Nasdaq: NCTY) ("The9"), a leading online
game operator in China, today announced that it has
appointed Mr. Chris Shen as "Vice President - Marketing",
effective January 1, 2006. Mr. Shen joined The9 in August
2005 as our Senior Director of Marketing and is in charge
of all aspects of The9's marketing and public relations
activities.
Prior to joining The9, Mr. Shen served as Group Account
Director and Account Director for several renowned advertising
agencies in Shanghai and Taipei, mainly focused on servicing
multinational brands of different industries, including
fast-moving consumer goods, financial services and retailing.
For the past 12 years, Mr. Shen successfully helped
numerous local and international brands plan and execute
various marketing initiatives, resulting in these brands'
excellent performance in their respective markets. Mr.
Shen received his bachelor's degree in management science
from the National Chiao Tung University in Taiwan.
The9 also announced that Mr. Tao Sun, Senior Vice President,
has decided to pursue other opportunities and will resign
from his executive position at The9 effective January
1, 2006.
Jun Zhu, The9's Chairman and CEO, commented: "We are
very pleased to promote Chris Shen to our management
team as VP - Marketing. Chris has proven his strong
execution abilities in the past several months. Leveraging
over 12 years of experience working with various world-class
advertising agencies, Chris will spearhead all of The9's
marketing and public relations matters. With more and
more games being added to our game portfolio, the ability
to effectively position and market our online games
has become a critical part of our operations. Chris,
together with the rest of the management team and all
of The9's employees, are excited about 2006 and we all
looking forward to an exciting new year."
About The9 Limited
The9 Limited is a leading online game operator and
developer in China which commenced operations in 1999.
Currently, The9's business is primarily focused on operating
and developing MMORPGs. The9 directly or through affiliates
operates licensed MMORPGs, consisting of WoW, MU and
Mystina Online, in China. It has also obtained exclusive
licenses to operate additional MMORPGs in China, including
Granado Espada and Soul of The Ultimate NationTM. In
addition, The9 has developed its first proprietary MMORPG
titled "Joyful Journey West", which entered all-access
public open beta testing in August 2005.
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor" provisions
of 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," "estimates"
and similar statements. Among other things, the business
outlook and quotations from management in this press
release contain forward-looking statements. The9 may
also make written or oral forward-looking statements
in its periodic reports to the U.S. Securities and Exchange
Commission on Forms 20-F and 6-K, etc., in its annual
report to shareholders, in press releases and other
written materials and in oral statements made by its
officers, directors or employees to third parties. Statements
that are not historical facts, including statements
about The9's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent
risks and uncertainties. A number of important factors
could cause actual results to differ materially from
those contained in any forward-looking statement. Potential
risks and uncertainties include, but are not limited
to, The9's limited operating history as an online game
operator, political and economic policies of the Chinese
government, the laws and regulations governing the online
game industry and information disseminated over the
Internet in China, intensified government regulation
of Internet cafes, The9's ability to retain existing
players and attract new players, license, develop or
acquire additional online games that are appealing to
users, anticipate and adapt to changing consumer preferences
and respond to competitive market conditions, and other
risks and uncertainties outlined in The9's filings with
the U.S. Securities and Exchange Commission, including
its registration statement on Form F-1, as amended,
and annual report on Form 20-F. The9 does not undertake
any obligation to update any forward-looking statement,
except as required under applicable law.
For further information about The9, please contact
Miss Hannah Lee, CA, CPA (Illinois)
Vice President & Chief Financial Officer
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website:
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