CDC Games' Yulgang Reaches All-Time High Daily Revenues since Mgame Settlement

  
    
  
  
    
      CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA), and 
      pioneer of the “free-to-play, 
      pay-for-merchandise” model for online games in 
      China, today announced that Yulgang average daily gross revenue has 
      increased to more than USD $110,000 for the last 5 days, following the 
      commercial launch of Yulgang 2.0 on April 9, 2008. This represents an 
      approximate increase of 90 percent compared to average daily gross 
      revenue of approximately USD $59,000 for Yulgang in March 2008. This is 
      also a new all-time high for Yulgang average daily gross revenue since 
      the resolution of the Mgame dispute and the resumption of technical 
      support for the game on March 6, 2008.
    
    
      “We have seen more than 15 million download 
      requests during the first five days after making the Yulgang 2.0 upgrade 
      available to our game players,” said John 
      Huen, chief operating officer of CDC Games. “Now 
      we are seeing this high level of interest result in revenue increases, 
      as well. We are very happy to see our loyal game players returning with 
      a high degree of activity. We will continue to run comprehensive 
      marketing programs, promoting the new Yulgang features with our active 
      players, as well as potential new players in China.”
    
    
      About CDC Games
    
    
      CDC Games is one of the market leaders of online and mobile games in 
      China with more than 140 million registered users. The company pioneered 
      the "free-to-play, pay-for-merchandise" online games model in China with 
      Yulgang and launched the first free-to-play, pay for merchandise FPS 
      (first person shooter) game in China with Special Force. Launched in 
      July 2007, Special Force has consistently ranked in the Top 10 
      downloaded games in China and becoming the top revenue producer for CDC 
      Games. Currently, CDC Games offers six popular MMO online games in China 
      that include: Special Force, Yulgang, Shaiya, Mir III, Shine and Eve 
      Online. In March 2007, the company announced the formation of CDC Games 
      Studio to establish strategic relationships with selected games 
      development partners to accelerate the development of new, original 
      online games for China and other targeted global geographies. CDC Games 
      anticipates being able to deploy up to $100 million for CDC Games Studio 
      investments through contributions from CDC affiliated companies, 
      external partners and its internal resources. Through its CDC Games 
      International (CGI) subsidiary, the company launched Minna de Battle in 
      Japan in December 2007. In February 2008, CDC Games USA launched the www.12FootTall.com 
      portal to showcase online games in North America, sell virtual 
      merchandise and promote collaboration among players. Also in February 
      2008, CGI launched Lunia, its first game in North America, further 
      strengthening its position as a global publisher of online games. For 
      more information on CDC Games, visit: www.cdcgames.net.
    
    
      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.
    
    
      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. These forward-looking statements include statements regarding our 
      intent to continue to run comprehensive marketing programs, promoting 
      the new Yulgang features with our active players as well as potential 
      new players in China, the evolution and potential of Yulgang and Yulgang 
      2.0, our beliefs regarding past, present and future consumer interest in 
      our games, our intent to continue with marketing campaigns for our 
      games, our beliefs regarding the appeal and attractiveness of Yulgang 
      2.0 to consumers, our beliefs regarding future momentum with respect to 
      our business, our foundation for future success throughout the year, our 
      beliefs regarding the consistency of our business, our strategic focus 
      in subsequent quarters, our belief regarding our advantages of having an 
      established base of players for marketing and the ability to spread our 
      infrastructure and maintenance costs across the entire portfolio of 
      games, our beliefs regarding our competitive position, our expectations 
      regarding any game’s growth, our ability to 
      establish and grow communities of players and lay foundations for future 
      games, the ability to upgrade and release new games and newer versions 
      of existing games and the timeliness thereof, our belief regarding 
      growth trends for our new and existing games, our ability to complete 
      successful open and closed beta tests in the future, and other 
      statements that are not historical, the achievement of which involve 
      risks, uncertainties and assumptions. If any such risks or uncertainties 
      materialize or if any of the assumptions proves incorrect, our results 
      could differ materially from the results expressed or implied by the 
      forward-looking statements we make. 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; (b) the ability to successfully develop, license 
      and market first person shooter and other games; (c) the future growth 
      of the online games industry in the China market and other markets 
      throughout the world; (d) the possibility of launch and development 
      delays; (e) the development of competing products and technology; (f) 
      the continued popularity and player acceptance of Yulgang, Yulgang 2.0, 
      Special Force and our other games; and (g) the continuation of our 
      contractual and other partners to perform their obligations under 
      agreements with us. Average daily gross revenue does not include 
      deductions for channel costs, rebates and withholding taxes. The 
      measurement of average daily gross revenue is consistent with that of 
      the daily revenues stated in prior announcements. 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.