HONG KONG, February 4 /PRNewswire/ --

- Maximizing Shareholder Interests Optimizing Future Development

One of the leading game developers and operators in the PRC, NetDragon Websoft Inc. ("NetDragon" or the "Company", with its subsidiary collectively the "Group"; Stock Code: 8288.HK) is pleased to announce that it has bought back 271,000 of its shares on 31 January 2008.

The total number of shares bought back up to 31 January 2008 now amounts to 4,276,000 shares, and the total amount paid is about HK$56,493,900 at prices of between HK$12.40 and HK$14.48 per share.

Mr. Liu Dejian, Chairman and Executive Director of NetDragon, said, "This latest buyback of shares reflects our complete confidence in NetDragon's long term prospects, and is also a move designed to maximize shareholder value. In addition, the Group believes that the buyback will boost shareholder confidence in its future. Given the ongoing growth of its business, and taking into account the interests of its shareholders, the Group will not discount the possibility of carrying out further buybacks if and when appropriate."

Additionally, the Group is pleased to announce that it has won 7 Phoenix awards at the 2007 China Game Industry Conference, held by the Publishers Association of China. These awards represent the Group's outstanding effort in developing and operating online games. Below is the list of awards granted to the Group:

-- Mr. Liu Dejian, Chairman and Executive Director of NetDragon, is the winner of the Most Influential Figures of Game Industry in China for 2007 -- Fujian TQ Digital Inc is the winner of the Top 10 Game Developers in China for 2007 -- Fujian NetDragon Websoft Co., Ltd. ("NetDragon (Fujian)") is the winner of the Top 10 Game Operators in China for 2007 -- NetDragon (Fujian) is the winner of the Best New Enterprise of Game Industry in China for 2007 -- NetDragon (Fujian) is the winner of the Award for Overseas Development of Chinese Domestic Games for 2007 -- Mr. Liu Luyuan, Executive Director of NetDragon, is the winner of the Best New Rising Figures of Game Industry in China for 2007 -- Heroes of Might and Magic Online is the winner of the Most Anticipated Online Game for 2008

The China Game Industry Conference is the most influential and large-scale annual conference in the game industry of the PRC. Mr. Liu Luyuan, Executive Director of NetDragon, said, "The awards granted are an affirmation of the Group's development from the industry and the government."

Furthermore, Mr. Liu Dejian, Chairman and Executive Director of NetDragon, was on the cover story of the first Chinese version Forbes in 2008. In the issued Forbes, NetDragon is ranked number 66 in the "China Best SMEs 2008".

Ms. Angelina Li, +852-2850-8755, or angelian.li@nd.com.cn; Or Maggie Zhou, +86-591-8754-3120, or maggie@nd.com.cn, both of NetDragon Websoft Inc.