Perfect World Shareholders Okay Merger Agreement

(RTTNews) - Perfect World Co., Ltd. (PWRD), a online game developer and operator based in China, announced that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger dated April 26, 2015, among the Company, Perfect Peony Holding Company Limited and Perfect World Merger Company Limited, by which, Merger Sub will be merged with and into the Company with the Company continuing as the surviving corporation and becoming a wholly owned subsidiary of Parent, and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands and the transactions contemplated thereby, including the Merger.

Approximately 98.0% of the total votes voted in person or by proxy at today's meeting were in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger.

Completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.

The company said it will work with various other parties to the Merger Agreement to satisfy all other conditions precedent to the Merger set forth in the Merger Agreement and complete the Merger as quickly as possible. If and when completed, the Merger would result in the Company becoming a privately held company and its American depositary shares, each representing five class B ordinary shares of the Company, would no longer be listed on the NASDAQ Global Select Market.