Replies to post #998 on CDC Corporation (CHINA)

[MrBankRoll]

CDC Corporation Increases Guidance for Second Half of 2008

CDC Corporation (NASDAQ:CHINA - News), a leading global enterprise software and new media company, today announced that, based upon preliminary financial projections and estimates, it has again increased its Adjusted EBITDA guidance for the second half of 2008 and now expects Adjusted EBITDA from continuing operations to be in the range of approximately (U.S.) $16.0 million to (U.S.) $18.0 million, an 88 percent increase based on the midpoint range from the guidance previously-issued back in August 26, 2008, where Adjusted EBITDA from continuing operations estimates were in the range of (U.S.)$8.0 million to (U.S.)$10.0 million.

“Despite the global economic slowdown and uncertain outlook, we are very pleased to substantially increase our previously-issued second half 2008 guidance for the second time in less than three months,” said Peter Yip, CEO of CDC Corporation. “Our confidence stems from the highly recurring revenue stream from our installed customer base, including maintenance revenues, the popularity of our existing and new online games and our successful cost-cutting initiatives launched earlier this year. We also believe that CDC is in a fortunate position to have significant cash and cash equivalent reserves to assist us during this difficult economic environment. In fact, as of September 30, 2008, we had in excess of (U.S.) $212.6 million in Non-GAAP Cash and Cash Equivalents. We remain cautiously optimistic with regard to our near-term prospects.” 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 - News), please visit www.cdccorporation.net.

[MrBankRoll]

CDC Corporation CEO Purchased 332,602 Company Shares since Beginning of Year

CDC Corporation, (NASDAQ: CHINA) focused on enterprise software and online games, announced today that it has repurchased a net amount of approximately 255,517 of its common shares at an average cost basis of (U.S.) $2.38 per share during the third quarter 2008. In addition, the company’s CEO also purchased a net amount of approximately 332,602 common shares at an average cost basis with commission of (U.S.) $3.35 per share since the beginning of the year through a personal 10b5-1 plan.

To date during 2008, the company repurchased a net amount of approximately 517,974 common shares at an average per share price of $2.64 per share. Since the beginning of CDC Corporation’s share repurchase program on May 2, 2006, the company has repurchased approximately 9.6 million shares at an average cost basis of $5.52. In addition, the company has instituted a new corporate buy back 10b5-1 plan that went into effect November 10, 2008.

"Even with the current volatility in the stock market, we continue to believe that our shares are undervalued by the investment community," said Peter Yip, CEO of CDC Corporation. "The Company's repurchase of shares demonstrates our ongoing confidence in the long-term strategy for CDC Corporation and its businesses. Despite the current market conditions, I am still very confident in our company’s long-term success so I personally plan to continue buying shares which I firmly believe are significantly undervalued by the market." Certain company directors and executives, including the CEO, have entered into 10b5-1 trading plans which facilitate the purchase and sale of the company's common shares and allow trading in the company's shares during trading blackout periods through pre-arrangements with a broker, based upon specified guidelines and parameters set forth in the trading plans.