| The9 Announces Executive Appointment
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Shanghai, China - June 30, 2006. The9 Limited (NASDAQ:
NCTY), a leading online game operator in China, today
announced that it has appointed Mr. Alan Chen as Vice
President and Chief Technology Officer, effective July
1, 2006. Mr. Chen will be in charge of The9's technical
operations and developments, including technical functions,
business development, and game development.
Prior to joining The9, Mr. Chen built his career in
the high technology industry. Most recently, he served
as Executive Vice President at Hewlett-Packard (China)
Co., Limited in the Technology Services Group. Prior
to that, he served as Vice President of Professional
Services, Greater China, at Lucent Technologies (China)
Limited, and General Manager of Carrier Packet Solutions,
Greater China, at Nortel Networks (China) Limited. In
the past twenty years, Mr. Chen has accumulated extensive
domestic and international experience through working
in the Asia Pacific region and Canada. Mr. Chen received
his Bachelor's degree in Telecommunication Engineering
from the Beijing University of Posts and Telecommunications,
and his Masters degree in Computer and Telecommunication
Engineering jointly from Beijing University of Posts
and Telecommunications and Hong Kong Polytechnic University.
He also holds a Ph.D. degree in Electrical Engineering
from the University of Ottawa, Canada.
The9 also announced that Mr. Jie Qin, Senior Vice President,
has decided to pursue other opportunities and will resign
from his position with The9 effective July 1, 2006.
As a co-founder of the company, Mr. Qin has been with
the company since its inception and had served in various
positions, including Senior Vice President, Chief Strategy
Officer and Chief Operating Officer.
Jun Zhu, The9's Chairman and CEO, commented: "We are
very pleased to have Alan on board as our Vice President
and Chief Technology Officer. Leveraging over twenty
years of experience working with various world-class
high technology companies, we trust that Alan will bring
substantial technology management expertise to The9.
Alan will be leading our technical, business and game
development teams, which we feel will play critical
roles for the company as we introduce more high quality
games to the China market through The9's operation platform.
Moreover, on behalf of the board, I would also like
to thank Jie for his contributions to the company in
the past years, and we wish him the very best in his
future endeavors."
About The9 Limited
The9 Limited is a leading online game operator in China.
The9's business is primarily focused on operating and
developing MMORPGs for the Chinese online game players
market. The9 directly or through affiliates operates
licensed MMORPGs, consisting of Blizzard Entertainment's
World of Warcraft , MU and Mystina Online, in China.
It has also obtained exclusive licenses to operate additional
MMORPGs in China, including Granado Espada, Soul of
The Ultimate Nation, Guild Wars, and Hellgate: London.
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 online game operators and Internet cafes in China,
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 reports
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, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website:
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