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This investor relations website includes forward-looking statements. Statements that are not historical facts, including statements about ChangYou's beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them.

Forward-looking statements involve inherent risks and uncertainties. ChangYou cautions you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

Potential risks and uncertainties include, but are not limited to, the current global financial and credit markets crisis and its potential impact on the Chinese economy, the slower growth the Chinese economy experienced during the latter half of 2008 and in 2009, which could return at some point in the future, the uncertain regulatory landscape in the People's Republic of China, fluctuations in the ChangYou's quarterly operating results, ChangYou's historical and possible future losses and limited operating history, and ChangYou's reliance on its online game Tian Long Ba Bu as a major revenue source. Further information regarding these and other risks is included in ChangYou's Annual Report on Form 20-F filed on February 26, 2010, and other filings with the SEC.