| The9 Limited
Announces Executive Appointment |
|
Shanghai, China – January 26, 2007.The9 Limited
(NASDAQ: NCTY) (“The9”), a leading online game operator
in China, today announced that it has appointed Swun
Woo (Tony) Park as Vice President, effective January
31, 2007. Mr. Park will be in charge of The9's international
business development and will also participate in our
online game operations.
Prior to joining The9, Mr. Park served as the President
of International Business at Hanbitsoft Inc. (“Hanbitsoft”),
a leading game developer and publisher in Korea. Since
April 2002, he has served various management functions
at Hanbitsoft, including business development, strategic
planning, marketing and brand management, game studio
management, localization & technical operations,
joint venture management, as well as investor relations.
Prior to joining Hanbitsoft, Tony worked as a venture
capitalist at ADL Partners from April 2000 to April
2002, and as a management consultant at Arthur D. Little
from December 1998 to April 2000. Mr. Park received
his Bachelor’s degree in Business Administration from
the Korea University.
Jun Zhu, The9's Chairman and CEO, commented: “We are
delighted to have Tony join our management team. With
his valuable experience at one of Korea's leading game
companies and his unique background, we believe Tony
will not only further strengthen our team's game operation
expertise, but will also bring new business development
ideas to The9. Moreover, Tony's strong ties with Hanbitsoft
will no doubt enhance the partnership between the two
companies and ensure seamless communication and cooperation
going forward.”
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
and its first proprietary MMORPG, Joyful Journey West ,
in China. It has also obtained exclusive licenses to
operate additional MMORPGs in China, including Granado
Espada ,
Soul of The Ultimate Nation ,
Guild Wars ,
Hellgate: London ,
Ragnarok Online 2
and Emil Chronicle Online .
In addition, The9 is also working on the development
of a 3D fantasy MMORPG game, Fantasy Melody Online .
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, information disseminated over the Internet
and Internet content providers 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 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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