CDC Corp. Class A Common (CDCAQ)

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Judge Paul W. Bonapfel in the hearing 2/1/2012

And as I expressed in colloquy there are two views,obviously,

and one view is that it’s in the best interest of shareholders of CDC Corporation and for that matter, the best interest of shareholders of CDC Software Corporation, that one, CDC Software corporation shares be sold to a third party and therefore, two, that the shareholders of CDC Corporation get cashed out.

This is the monetizing plan that Mr. Kelly and the equity committee are favoring.

And the other, is to do something other than that, to raise — to sell some assets or to get some sort of refinancing based on assets that the corporation has, CDC Corporation has, and use those to pay off Evolution, the major protagonist from the creditor’s standpoint in the case, so that shareholders will receive a greater return of value through a continued operation of the company.

And that’s the other view