Before we continue, please note that the discussion today will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectation. Potential risks and uncertainties include but are not limited to those outlined in our public filings with the SEC, including our annual report on Form 20-F.

For more information about these risks and uncertainties, please refer to our filings with the SEC. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Our earnings release and this call include discussions of certain non-GAAP financial measures. Our earnings release contains a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and is available on our website at www.pwrd.com under the Investor Relations section.

I would now like to turn the call over to Michael.

Michael Chi

Thank you, Joanne. Thank you all for joining our call today. Our second quarter results were in line with our previous expectations. During the quarter, we continued to work on developing and releasing our variety of expansions packs and the content enhancements which are part of our consistent efforts to maintain healthy lifecycles for existing games. At the same time, we also continued to focus on the development of the new games in our deep and diverse pipeline.

In July, we unveiled Legend of the Condor Heroes, a new 3D MMORPG which is currently under development. This game adapted from novel of the same name by the highly acclaimed martial arts author Louis Cha. We have also adapted another game from Mr. Cha’s well known martial arts novels Return of the Condor Heroes which we are scheduling for launch soon this year.

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