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CDC Corporation Intends to Offer Class A Common Shares of CDC Games Corporation Offering Intended to Carve Out a Portion of CDC Games to the Public
Hong Kong, July 13 , 2007 -- CDC Corporation (NASDAQ: CHINA) announced today that it plans to file with the Securities and Exchange Commission a registration statement for an initial public offering of up to US$200 million aggregate principal amount of Class A Common Shares of CDC Games Corporation, its business unit engaged in online games in China. The purpose of the offering is to allow CDC Games to more clearly differentiate its line of business from CDC Corporation and provide a more targeted investment vehicle for investors seeking to invest only in the online games portion of CDC Corporation's diverse businesses. The offering is currently expected to commence during the fourth quarter of 2007, subject to the SEC declaring the registration statement effective. The Class A Common Shares to be offered will have one vote per share. CDC Corporation will continue to hold supervoting Class B Common Shares of CDC Games which will have twenty votes per share. The Class B Common Shares will automatically and immediately convert into an equal number of Class A Common Shares upon a transfer to any person or entity that is not an affiliate of CDC Corporation. Class A Common Shares are not convertible into Class B Common Shares under any circumstances. Other than voting rights, the rights of the Class A Common Shares and Class B Common Shares will be essentially identical. CDC Corporation currently anticipates that, in addition to CDC Games offering newly issued Class A Common Shares, CDC Corporation will also be a selling shareholder in the offering. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful. This announcement is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended. Cautionary Note Regarding Forward-Looking Statements Investor Relations Monish Bahl Public Relations Scot McLeod |

