CDC Corp. Class A Common (CDCAQ)

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Other Events.Chapter 11 Filing

On October 4, 2011, CDC Corporation (the “Company”) filed a voluntary
petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy
Court for the Northern District of Georgia. The Company believes that the
Chapter 11 process will facilitate restructuring, which is designed to restore
the Company to long-term financial health.

The Company has undertaken the filing to protect all creditors and the
interests of shareholders, in light of the September 8, 2011 judgment against
the Company in the amount of $65.4 million in its ongoing litigation with
Evolution CDC SPV Ltd., Evolution Master Fund Ltd., SPC, Segregated Portfolio M
and E1 Fund Ltd.

The Chapter 11 filing relates to CDC Corporation only, and does not include
its subsidiaries, which are expected to continue to operate in the ordinary
course of business during the Company's Chapter 11 proceedings.

The Company’s principal legal advisor for the restructuring process and
Chapter 11 proceedings is Lamberth, Cifelli, Stokes, Ellis & Nason, P.A.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8177935