The9 Limited Announces Appointment of New Chief Financial Officer

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The9 Limited (NASDAQ:NCTY) ("The9"), a leading online game operator in China, today announced that Mr. Tony Tse has resigned as Chief Financial Officer due to personal and family reasons, effective July 4, 2008. Meanwhile, The9 has appointed Mr. George Lai as Chief Financial Officer of the company, effective July 3, 2008.

Prior to joining The9, Mr. Lai worked at Deloitte Touche Tohmatsu since 2000. He served in various positions including audit manager and senior auditor at Deloitte Touche Tohmatsu Hong Kong, New York and Beijing offices. During his eight years of work experience at Deloitte Touche Tohmatsu, Mr. Lai played key roles in numerous IPO projects in the United States and China as well as serving for public companies in Hong Kong, United States and China. Mr. Lai received his Bachelor of Business Administration major in Professional Accountancy from The Chinese University of Hong Kong. Mr. Lai holds various accounting professional qualifications including AICPA, ACCA and HKICPA.

Mr. Jun Zhu, The9’s Chairman and Chief Executive Officer, commented: "Although we are sorry to see Tony’s departure due to personal and family reasons, we would like to express our sincere gratitude to his hard work during his serving period at The9, especially his contribution to the Company’s Form 20-F filing process. In addition, we are very pleased to welcome George on board as our new Chief Financial Officer. George has extensive knowledge in US GAAP and solid background in dealing with public company issues, especially in the fast booming internet industries, and we believe he will fully utilize these knowledge and skill-sets to perform the important managerial role of Chief Financial Officer at The9."

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