[THE9 LIMITED Jun Zhu Chairman and Chief Executive Officer AMENDMENT NO. 1 TO THE RIGHTS AGREEMENT Amendment No. 1 dated as of March 9, 2009 (this “Amendment”) to the Rights Agreement, dated as of January 8, 2009 (the “Rights Agreement”), between The9 Limited, a company incorporated with limited liability under the Cayman Islands Companies Law (the “Company”), and The Bank]

[THE9 LIMITED Jun Zhu Chairman and Chief Executive Officer Page 4 The9 Limited Reports Fourth Quarter and Fiscal Year 2008 Shanghai, China — February 23, 2009. Fiscal Year 2008 Financial Highlights: • Net revenues for fiscal year 2008 increased by 33% to RMB1.71 billion (US$250.4 million) from RMB1.28 billion (US$187.6 million) for fiscal year 2007. • For fiscal year 2008,]