CDC Corporation and Its Chief Executive Officer Commence Previously-Announced Share Repurchase Initiatives

  
    
  
  
    
      CDC Corporation (NASDAQ: CHINA), a leading global enterprise software 
      and new media company, announced today that, as its trading window is 
      now open, the company and its CEO, Peter Yip, have established Rule 
      10b5-1 trading plans with respect to the repurchase, and purchase, of 
      the company’s common shares.
    
    
      “We continue to believe that our shares are 
      undervalued by the investment community,” said 
      Peter Yip, CEO of CDC Corporation. “The Company’s 
      share repurchase plan demonstrates our ongoing confidence in our 
      long-term strategy for the company, and I have personally instituted a 
      purchase plan, as well.”
    
    
      In addition, the minority shareholders of China.com Inc., a 
      majority-owned subsidiary of CDC Corporation, did not approve the 
      previously-announced proposal for China.com to acquire up to (U.S.)$10 
      million of CDC shares.
    
    
      About CDC Corporation
    
    
      The CDC family of companies includes CDC Software focused on enterprise 
      software applications and services, CDC Games focused on online games, 
      and China.com focused on portals for the greater China markets. For more 
      information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net.
    
    
      About China.com Inc.
    
    
      China.com is a leading operator of Internet portals, serving a broad 
      range of audiences in China. In 2006, it was chosen as the first company 
      to host Google's Video Adsense which serves video ads targeted at 
      China's English-speaking audience. China.com also was appointed by the 
      Jilin government as the exclusive web sponsor of the 2007 Asian Winter 
      Games. China.com was listed on the GEM of the Stock Exchange of Hong 
      Kong Limited on March 9, 2000. In December 2000, China.com Inc. was 
      admitted as a constituent stock of the Hang Seng IT and IT Portfolio 
      Indices.
    
    
      Cautionary Note Regarding Forward-Looking Statements
    
    
      This press release includes "forward-looking statements" within the 
      meaning of the United States Private Securities Litigation Reform Act of 
      1995, including statements relating to, among other things, our 
      intention to enter into a new Rule 10b5-1 plan with respect to the 
      purchase of CDC shares and the timing thereof, our beliefs regarding the 
      undervalued nature of our shares by the investment community, our 
      beliefs regarding our confidence in our strategy for the company and our 
      future, our beliefs regarding the diversity, financial performance and 
      revenue characteristics and mix of our businesses, our beliefs regarding 
      our ability to grow and take advantage of market opportunities as 
      economic conditions improve, our beliefs regarding our ongoing 
      confidence in our strategy for the company, our beliefs regarding the 
      continuation and extent of management and company purchases of CDC 
      shares, the effect of the company’s new share 
      repurchase program and other statements which are not historic fact. 
      These statements are based on management's current expectations and are 
      subject to risks and uncertainties and changes in circumstances. There 
      are important factors that could cause actual results to differ 
      materially from those anticipated in the forward-looking statements, 
      including the following: (a) the ability to realize strategic objectives 
      by taking advantage of market opportunities in targeted geographic 
      markets; (b) the ability to make changes in business strategy, 
      development plans and product offerings to respond to the needs of 
      current, new and potential customers, suppliers and strategic partners; 
      (c) the ability to integrate operations or new acquisitions in 
      accordance with the company's and its subsidiaries’ 
      business strategies; (d) the effects of restructurings and 
      rationalization of operations; (e) the ability to address technological 
      changes and developments including the development and enhancement of 
      products; (f) the ability to develop and market successful products and 
      services; (g) the entry of new competitors and their technological 
      advances; (h) the need to develop, integrate and deploy products and 
      services that meet customer's requirements; (i) the possibility of 
      development or deployment difficulties or delays; (j) the dependence on 
      customer satisfaction with the company's and its subsidiaries’ 
      products and services; (k) continued commitment to the deployment of the 
      company’s and its subsidiaries’ 
      products and services, including enterprise software solutions; (l) 
      risks involved in developing software solutions and integrating them 
      with third-party software and services; (m) the continued ability of the 
      company's enterprise software solutions to address client-specific 
      requirements; (n) demand for, and market acceptance of, new and existing 
      enterprise software and services and the positioning of the company's 
      solutions; (o) the popularity and market acceptance of CDC Games' 
      existing and new games; and (p) the continued growth of the online games 
      industry in our target markets, including China. Further information on 
      risks or other factors that could cause results to differ is detailed in 
      filings or submissions with the United States Securities and Exchange 
      Commission made by CDC Corporation in its Annual Report for the year 
      ended December 31, 2006 on Form 20-F filed on July 2, 2007. All 
      forward-looking statements included in this press release are based upon 
      information available to management as of the date of the press release, 
      and you are cautioned not to place undue reliance on any forward-looking 
      statements which speak only as of the date of this press release. The 
      company assumes no obligation to update or alter the forward looking 
      statements whether as a result of new information, future events or 
      otherwise.