Perfect time and space to invest about 52.4 million dollars to buy back the shares held by SoftBank

Digging the Bay Network June 2 Perfect Space-Time Limited liability company (NASDAQ:PWRD) (hereinafter referred to as perfect space-time) June 1 announced the signing of the agreement to the SoftBank Asia Investment Fund II ("soft silver race rich") to buy back 1,203,812 shares of company Class A common stock and 11,　　296,188 shares of Group B common stock. Prior to the July 2007 IPO, SoftBank invested in the company's a-series convertible preferred Shares, which were automatically converted to the company's Class A common stock at the time of the IPO, and some of the category A common stock was further converted to B-class common stock. At present, the company has two types of common stock, that is, class A common and Class B common. All ordinary shares have the same rights, except the right to vote and to convert. For all matters submitted to shareholder approval, each class A common stock has 10 voting rights, and each B class shares a vote. Perfect space-time each American depository stock currently traded on the NASDAQ Global Select market represents five shares of Group B common shares. "We believe it is a good time to buy back our Class A and B common stock," said Mr. Chi, chairman and CEO of Perfect space-time. Based on our current strong cash flow situation, we are fully confident that we have the ability to successfully execute the company's business strategy and provide long-term value to shareholders. "Perfect Space-Time is a leading online game developer and operator headquartered in China, mainly based on its self-developed game engine and game development platform to develop online games." At present, the perfect space-time independent development of online games, including large multiplayer network role-playing game-"Perfect World", "Martial arts legend", "Perfect World International Edition", "Chibi", "the", "pocket West" and "Ghost Legends", as well as a leisure network game-"Hot Dance party." Perfect space-time most of the current gains come from China's domestic market, while its games are also licensed to major game operators in many countries and regions overseas, including Asia, Europe and South America. Perfect space-time also generates revenue by operating games in North America.