NetDragon & IDG Capital Partners to Establish Mobile Internet Investment Fund – “mFund”

November 29, 2010, Hong Kong — NetDragon Websoft Inc. (“NetDragon” or “the Company”; Stock Code: 777), a leading online game developer and operator in China, held a joint press conference in Beijing with IDG Capital Partners on the “mFund” – a special investment fund targeting China’s emerging mobile internet space.

The “mFund” will focus on the rapidly expanding mobile internet sector in China, and is designed to promote the sector’s robust development and spur innovation in China. NetDragon plans to jointly invest up to US$50 million with IDG Capital Partners over the next few years, in a move to support China’s small and medium-sized enterprises as well as individuals offering mobile internet applications, content and services. The “mFund” will not only help SME’s and individuals in terms of development capital, but also provide a complete range of support services including development engines, key underlying technology support, a promotion platform covering tens of millions of users, and authorized cooperation with international IP and brand holders.

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