China.com Seeks Approval from Its Independent Shareholders to Purchase up to $10 Million of CDC Corporation Common Shares

  
    
  
  
    
      CDC Corporation, (NASDAQ: CHINA) focused on enterprise software and 
      online games, today announced that its majority-owned subsidiary, 
      China.com, has filed an announcement with the Growth Enterprise Market 
      of the Stock Exchange of Hong Kong Limited, or Hong Kong GEM Market, in 
      which China.com seeks approval from its independent shareholders to 
      purchase up to $10 million of CDC Corporation’s 
      stock. In the filing, China.com stated that it has been exploring 
      opportunities to enhance its investment yields and maximize shareholder 
      value, and determined that a purchase of CDC Corporation shares would 
      help achieve that goal.
    
    
      Should China.com’s independent shareholders 
      approve the proposal to purchase these shares of CDC Corporation, 
      China.com intends to form an independent committee of its board of 
      directors. This committee will be authorized to set the price and volume 
      limits for the share purchase plan which must be effective on or before 
      September 30, 2008. Additionally, the per share purchase price limit 
      must not exceed $8 per share. A vote of China.com’s 
      independent shareholders on the proposal is expected to occur 
      approximately 14 days after the Hong Kong GEM Market approves the 
      informational materials to be distributed to shareholders. Subject to 
      receipt of approval from the Hong Kong GEM Market, China.com expects to 
      distribute the informational materials to its independent shareholders 
      on or before April 22, 2008.
    
    
      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 (i) the completion and effect of 
      the proposed share repurchase program; (ii) the ability of China.com to 
      obtain shareholder approval for the share repurchase program; (iii) 
      China.com’s ability to comply with the United 
      States securities laws and CDC Corporation’s 
      insider trading policy; (iv) the ability of the independent committee of 
      China.com’s board of directors to establish a 
      Rule 10b5-1 trading plan or plans; (v) the ability of China.com to 
      obtain approval from the Hong Kong GEM Market for the informational 
      materials to be sent to its shareholders 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 
      obtain shareholder approval regarding the share repurchase program; (b) 
      the ability to comply with the rules and regulations established by the 
      united States Securities and Exchange Commission; (c) the ability to 
      establish a Rule 10b5-1 trading plan in accordance with the terms and 
      conditions of CDC Corporation’s insider 
      trading policy; (d) the ability of the independent committee of the 
      board of directors of china.com to establish a Rule 10b5-1 trading plan 
      prior to September 30, 2008 (e) the ability of China.com to obtain 
      approval from the Growth Enterprise Market for the informational 
      materials to be sent to its shareholders. 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.