NetDragon Cooperates with ICBC, First NetDragon Credit Card Issued in China

[25 April 2008, Hong Kong] NetDragon Websoft Inc. (“NetDragon” or the “Company“, with its subsidiary collectively the “Group“; stock code: 8288.HK) and Industrial and Commercial Bank of China (“ICBC”) today announced the official issuance of the “Peony NetDragon Credit Card” at all branches of ICBC across the PRC. The signing ceremony is being held this morning at the Peony Credit Card Centre at the ICBC headquarters in Beijing. The hosts of the signing ceremony are Mr. Liu Luyuan, Executive Director and Chief Executive Officer of NetDragon, and Mr. Li Weiping, President of ICBC’s Peony Card Centre.

The “Peony NetDragon Credit Card” uses the “UnionPay” standard. As well as offering basic credit card functions, the card has a creative feature whereby cardholders can make payments without actually signing the card. Instead, cardholders can call a NetDragon customer service hotline using a mobile phone number assigned to the card. After having their information confirmed, cardholders are able to credit their game accounts by debiting their credit cards. They can also credit their game accounts online through the credit card and gain bonus points at the same time, making payment of virtual items much easier than in the past. The card’s designs are based on the artwork of online games developed by NetDragon, with the designs of the first classic and gold cards to be issued based on the artwork from “Eudemons Online”. The Group will also consider issuing credit card designs based on artwork from other games, such as “Conquer Online”, “Zero Online” and “Way of the Five”.

Through the cooperation, it shows that ICBC has a high level of respect for the professional database management system and high-quality management of customer creditworthiness of NetDragon. This cooperation will also bring opportunities to create exciting new synergies to both parties. Commenting on the arrangement, Mr. Liu Luyuan said, “We are very glad to be able to cooperate with Industrial and Commercial Bank of China. We believe that the Group can grasp the great development potential of online game industry in China and provide brand-new enjoyment and convenience to game players through this cooperation. We hope in the future to be able to engage in further cooperative ventures with ICBC. This sort of cooperation is making more creative services more widely available for both China’s online game industry and its banking industry.”

Background information about NetDragon Websoft Inc.

NetDragon Websoft Inc. is one of the leading online game developers and operators in the PRC. The Group’s portfolio consists of a range of MMORPGs (Massively Multiplayer Online Role-Playing Games) that cater to various types of players and gaming preferences. The Group has successfully developed and marketed many popular online games in various styles. Its current offerings include the games Eudemons Online, Conquer Online, Zero Online, Tou Ming Zhuang Online, Era of Faith, and Monster & Me. The games are available in six languages, including English, French and Spanish. The Group also has three new games in the pipeline, namely Heroes of Might and Magic Online, Way of the Five, and Tian Yuan, all to be launched in 2008. NetDragon was listed on the GEM board of the Stock Exchange of Hong Kong on 2 November 2007 (Stock Code: 8288.HK).

Issued by Porda International (Finance) PR Group for and on behalf of NetDragon Websoft Inc. For further information, please contact:

NetDragon Websoft Inc.

Ms. Angelina Li (Investor Relations Officer)

Tel:        +852 6303 1722 or +86 1380 9508 688

Fax:        +852 2850 7066