CDC Corporation - Form 6-K

EX-1.01 2 exhibit1.htm EX-1.01 Exhibit EX-1.01

Exhibit 1.01


Investor Relations		Media Relations
Monish Bahl CDC Corporation 678-259-8510 mbahl@cdcsoftware.com		Lorretta Gasper CDC Software 678-259-8631 lgasper@cdcsoftware.com

FOR IMMEDIATE RELEASE

CDC Software’s Ross Enterprise Helps Largest Catering Company in Hong Kong with Rapid
Growth and Improved Operational Efficiency

Hong Kong Maxim’s Group Improves Inventory Control, Product Costing, Recipe
Management, Production Planning and Regulatory Compliance Through the Implementation of CDC
Software’s Ross Enterprise Applications

HONG KONG, ATLANTA, September 9, 2008 — CDC Software, a wholly-owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that Hong Kong Maxim’s Group, the largest food and beverage and catering company in Hong Kong, has reported better visibility for decision making and profitability, significant reduction in waste, improved costing analysis and a more controlled, centralized recipe management system since the implementation of CDC Software’s Ross Enterprise Applications at its entire plant network.

Founded in 1956, Hong Kong Maxim’s Group is the largest catering company in Hong Kong, employing more than 14,000 people and serving more than 540,000 customers per day. To support its more than 640 restaurants, outlets and catering operations, the company operates three factories and a printing plant. Hong Kong Maxim’s Group has also established joint venture companies with , and has Starbucks stores in Hong Kong, Macau, South and South West China.

As Hong Kong Maxim’s Group embarked on a growth and expansion path in 2001, it began to face a number of operational challenges. Since the company lacked an enterprise software infrastructure, it was tracking and analyzing its data manually which made product costing, recipe management and regulatory compliance inefficient. Hong Kong Maxim’s Group needed a way to determine the location and quantities of raw materials and finished goods, to centralize and control more than 400 recipes, as well as to predict the cost and profitability of its products. Hong Kong Maxim’s Group determined CDC Software’s Ross Enterprise was the ERP system that could directly address those operational challenges.

“Ross ERP offered the best overall value in terms of functional fit and low cost,” said Alfred Kam, head of information technology, Hong Kong Maxim’s Group. “On top of that, we saw how it could meet our needs with little or no customization. That was an important requirement for us.”

According to Kam, Ross ERP has enabled the company to significantly improve process visibility across its production facilities. Raw material, work-in-progress and finished-product inventories are now very transparent, which helps management make more-informed decisions. “We now know what it costs to make every product and we also know how profitable each product is for us,” explained Kam. “The impact has been felt across our organization. For example, our marketing team can now make better decisions regarding promotions in order to drive sales and market share on select products.”

Since going live on the system in 2003, the company has doubled its recipes to more than 800. Other improvements since the implementation include improved production planning and reduced waste by tracking daily orders through the system, a streamlined product introduction that enables the company to test and adjust new recipes in a controlled environment without having to bring the product to the shop floor, and a more efficient regulatory compliance process. “Hong Kong Maxim’s Group now has the ability to accurately and more easily plan, execute and document production activities in accordance with HACCP (Hazard Analysis and Critical Control Point) requirements,” Kam added. “Considering the growth we’ve experienced over the last six years, regulatory compliance would have been a much more costly and involved endeavor with our previous manual processes,” said Kam.

About Hong Kong Maxim’s Group
Founded in 1956, Hong Kong Maxim’s Group has grown into the largest catering company in Hong Kong operating over 70 brands and 640 outlets, while serving more than 540,000 people every day. Through innovation and excellence, Hong Kong Maxim’s Group strives to provide the most “enjoyable” and “memorable” eating experience at all times. It offers a diversified service comprising Chinese, Asian and European restaurants, fast food outlets, cake shops, Arome Bakery (HK), Starbucks Coffee Hong Kong and Macau, Genki Sushi, sen-ryo and institutional catering.

About Ross Enterprise for Food and Beverage
Ross Enterprise is CDC Software’s comprehensive suite of applications for food and beverage manufacturers. The suite of applications includes enterprise resource management (ERP), supply chain management (SCM), warehouse management, customer relationship management, real time performance management and business analytics. Together, these systems address the unique challenges in food and beverage including the need for detailed product costing and profitability analysis, management of pricing and promotions, optimized forecasting and scheduling, improved order fulfillment and customer service, inventory optimization with minimal spoilage, and compliance with food safety regulations and mock recalls. Ross Enterprise is used worldwide by over 1,200 companies including Boar’s Head, Kerry Ingredients, Cheesecake Factory, Pez Candies, Nellson Nutraceuticals, Hilmar Cheese, Michael Angelo’s, and Litehouse Foods. For more information, visit http://www.rossinc.com/.

About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), CDC Supply Chain (supply chain management, warehouse management and order management), e-M-POWER (discrete manufacturing) Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources), and business analytics solutions.

These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation (NASDAQ: CHINA) and is ranked number 12 on the MBT 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit http://www.cdcsoftware.com/.

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 http://www.cdccorporation.net/.

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 our beliefs regarding our products and the utility and potential benefits thereof, including, without limitation, potential increases to operating efficiency, inventory control, visibility into operations, decision making ability, better product costing, recipe management, regulatory compliance, and decreased waste, the ability of customers to attract new business that would otherwise not be attainable without our applications, the ability to increase cost accuracy and audit performance, the ability to handle large volume of information, make better decisions and to grow a customer’s business, statements relating to our customers’ plans to expand functionality and purchase new applications from us, the ability to provide improved recipe management, solve business and regulatory challenges successfully, the ability to take full advantage of IT investment, produce a higher quality product and improve the way our customer’s do business, the ability of Ross Enterprise to improve the efficiency of regulatory compliance, and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. 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, among others: the conditions of the process manufacturing industry; the continued support of our existing customers; the continued ability of Ross Enterprise solutions to address industry-specific requirements of companies in the process manufacturing industry; demand for and market acceptance of new and existing Ross Enterprise solutions; development of new functionalities which would allow process manufacturers to compete more effectively and changes in the type of information required to compete in the process manufacturing industry. 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, 2007 on Form 20-F filed on June 30, 2008. Furthermore, customer experiences may vary based upon actual circumstances. 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.

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Exhibit 1.02


Investor Relations		Media Relations
Monish Bahl CDC Corporation 678-259-8510 mbahl@cdcsoftware.com		Lorretta Gasper CDC Corporation 678-259-8631 lgasper@cdcsoftware.com

FOR IMMEDIATE RELEASE

CDC Corporation Increases Adjusted EBITDA Guidance

for Second Half of 2008 by up to 25 Percent

HONG KONG, ATLANTA – September 16, 2008 — CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, today announced that, based on preliminary financial projections and estimates, the company expects Adjusted EBITDA for the second half of 2008 to be in the range of approximately (U.S.)$10.0 million to (U.S.)$12.5 million, compared to approximately (U.S.)$1.4 million for the same period in 2007. The revised Adjusted EBITDA guidance represents an increase of up to 25 percent over the amounts set forth in the company’s previous guidance issued on August 26, 2008, which estimated that Adjusted EBITDA for the second half of 2008 would be approximately (U.S.)$8.0 million to (U.S.)$10.0 million.

“We are very pleased to increase our Adjusted EBITDA guidance by up to 25 percent,“ said Peter Yip, CEO of CDC Corporation. “Our cost-cutting efforts are resulting in a significant positive impact on our bottom line, helping to strengthen and further support our original expectations. In addition to our concerted cost cutting efforts, we have also seen an improvement in our service utilization rates within CDC Software compared to the first half of the year, which we believe should also help to improve our overall profit margins. Furthermore, maintenance retention rates for our software customers have continued to excel above the industry average. As software maintenance revenue has typically generated some of our highest profit margins, we have recently implemented some innovative customer service programs to help measure and drive continued customer loyalty. We are excited about the initial encouraging results we have seen from these programs and believe that customer loyalty is a driving force behind our very positive maintenance retention rate. Currently, with these initiatives in place and a large portion of our revenue recurring from each of our major operating divisions, we maintain a positive outlook for the second half of 2008, financial market volatility notwithstanding.”

“As we reported on August 7, 2008, the Company finished Q2 2008 with non-GAAP cash and cash equivalents of more than (U.S.)$230 million and generated positive operating cash flow in both Q1 2008 and Q2 2008 of (U.S.)$5.3 million and (U.S.)$5.6 million, respectively. We believe we will continue to generate positive cash from operations and weather this difficult economic environment,” Yip continued.

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.

Adjusted Financial Measures

This press release discusses Non-GAAP cash and cash equivalents and Adjusted EBITDA, which are not prepared in accordance with GAAP (the “Non-GAAP Financial Measures”). Non-GAAP Financial Measures are not alternatives for measures prepared under generally accepted accounting principles in the United States (“GAAP”). Non-GAAP Financial measures may also be different from non-GAAP measures used by other companies. Non-GAAP Financial Measures should not be used as a substitute for, or considered superior to, measures of financial performance prepared in accordance with GAAP.

Investors should be aware that Non-GAAP Financial Measures have inherent limitations, including their variance from certain of the financial measurement principals underlying GAAP, should not be considered as a replacement for GAAP performance measures, and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP. Also, Non-GAAP Financial Measures should not be construed as an inference that the Company’s future results will be unaffected by similar adjustments determined in accordance with GAAP.

The estimates presented in this press release are preliminary. Adjustments to the estimates set forth in this press release may be identified as a result of, among other things, the company’s audit process for the year ending December 31, 2008.

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. These forward-looking statements include statements regarding our expectations relating to Adjusted EBITDA including the continued increase and amount thereof, our expectations regarding our ongoing cost savings efforts and the effects thereof, our beliefs regarding service utilization rates, profit margins, our sales and marketing programs and maintenance retention rates, our beliefs regarding our ability to implement successful sales, marketing and other programs to help drive customer loyalty, our beliefs regarding our future performance, including the generation of cash from operations, and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. 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 realize strategic objectives by taking advantage of market opportunities in targeted geographic markets; (b) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of current, new and potential customers, suppliers and strategic partners; (c) the effects of restructurings and rationalization of operations; (d) the ability to address technological changes and developments including the development and enhancement of products; (e) the entry of new competitors and their technological advances; (f) the need to develop, integrate and deploy enterprise software applications to meet customer’s requirements; (g) the possibility of development or deployment difficulties or delays; (h) the dependence on customer satisfaction with the company’s software products and services; (i) continued commitment to the deployment of the enterprise software solutions; (j) risks involved in developing software solutions and integrating them with third-party software and services; (k) the continued ability of the company’s enterprise software solutions to address client-specific requirements; (l) demand for and market acceptance of new and existing enterprise software and services and the positioning of the company’s solutions; (m) the ability of staff to operate the enterprise software and extract and utilize information from the company’s enterprise software solutions; (n) the continued cooperation of our strategic and business partners; (o) risks relating to economic conditions and other matters beyond our control; (p) the risk that the preliminary financial results provided herein could differ from our actual results of operations and financial condition; and (q) the continued strength of revenues from our installed base customers. 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 on Form 20-F for the year ended December 31, 2007, as originally filed with the SEC on June 30, 2008 and as amended. 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.

Exhibit 1.03


Investor Relations		Media Relations
Monish Bahl CDC Corporation 678-259-8510 mbahl@cdcsoftware.com		Lorretta Gasper CDC Software 678-259-8631 lgasper@cdcsoftware.com

FOR IMMEDIATE RELEASE

CDC Software’s New Pivotal 6.0 CRM Platform Builds Industry Momentum

With Aggressive User Adoption

More than 45 Customers Plan to Deploy New CRM Platform Since Its Launch Two Months Ago

HONG KONG, ATLANTA—September 22, 2008 – CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that, since its launch in July 2008, more than 45 customers are planning to deploy the Pivotal 6.0 customer relationship management (CRM) platform.

Pivotal CRM 6.0, a newly-designed CRM platform based on Microsoft.NET Framework 3.5, Windows Vista, Windows Server, and Microsoft’s SQL Server, provides task-based navigation, embedded Microsoft Office SharePoint Server 2007 and Microsoft Office System 2007 applications, easy customization, a smart client user interface, high user adoption and a low total cost of ownership. This platform also provides users with out-of-the box, task-based navigation, forms and portals that have the ability to model complex workflow.

The tight integration with Microsoft Office Outlook 2007 (including calendaring, task and email capabilities) within the platform allows users to complete much of their daily work without having to leave their CRM system. Pivotal 6.0’s newest features also provide easier customization, enhanced searching and reporting capabilities, the flexibility to conform to an organization’s way of doing business and ease of use, all of which potentially results in increased user adoption and overall higher worker productivity.

“This integration allows the appropriate user within a defined business process and role to view the type of content they need to do their job at a high level of productivity,” said Dev Balasubramanian, Outlook product manager, Microsoft Office Enterprise Group. “This is an innovative way for enterprise applications to use Microsoft Outlook business applications.”

“We are thrilled with the aggressive user adoption of Pivotal 6.0 that we have seen in such a short time frame” said Bruce Cameron, executive vice president, Worldwide Sales and Marketing, CDC Software. “By offering customers a compelling CRM solution that combines Microsoft’s powerful .NET technology and Pivotal CRM’s superior performance of usability and greater flexibility, we believe that we are strongly-positioned as a leading provider of CRM solutions that directly address our customers’ industry-specific requirements.”

“The CDC Pivotal CRM release of 6.0 is a prime example of how CDC Software has continued to extend the value of enterprise application development with Microsoft’s technology platform,” said Eddie Amos, general manager for Worldwide Partner Evangelism for Microsoft Corp. “By utilizing Microsoft’s platform technologies, Pivotal 6.0 has enabled its users to enjoy increased functionality which, in the end, creates higher user adoption and satisfaction.”

About Pivotal CRM
Pivotal CRM helps organizations create superior customer experiences and offers rich functionality, a highly-flexible application platform, a full-customer-relationship-management application suite, and best-in-class customization abilities, all with a low total cost of ownership. The Pivotal CRM software suite includes a powerful application platform based on the Microsoft.net architecture and additional capabilities in analytics, mobile CRM, partner management, and marketing automation.

Designed to produce meaningful increases in revenues, margins, and customer loyalty, Pivotal CRM is used by more than 2,000 companies around the world. For more information about Pivotal CRM, please visit www.pivotalcrm.com.

About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning), and SCM (supply chain management), e-M-POWER (discrete manufacturing), CDC Supply Chain (supply chain management ,warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.

These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation (NASDAQ: CHINA) and is ranked number 12 on the MBT 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.

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 and includes statements relating to our beliefs regarding the rate and continuation of user adoption, the cost of ownership of Pivotal 6.0 and our customers’ plans with respect to implementation of our products, our beliefs regarding the features and functionality of Pivotal 6.0 and the potential benefits and performance thereof for users, including increases in productivity, our beliefs regarding customer and user preferences, our beliefs regarding the time and labor savings provided by Pivotal 6.0 and the ease of implementation thereof, the ability of Pivotal CRM 6.0 to address the needs of the market such as the ability to improve efficiencies, improve customer service, drive cost savings and competitive advantage, our beliefs with respect to our market position as a provider of CRM solutions and other statements we make. 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, among others: the conditions of the market; the continued ability of Pivotal CRM solutions to address industry-specific requirements of companies demand for and market acceptance of new and existing CRM solutions; development of new functionalities which would allow companies to compete more effectively and changes in the type of information required to compete in the targeted vertical markets; and changes in the economy and customer needs or requirements. 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 on Form 20-F for the year ended December 31, 2007 filed with the SEC on June 30, 2008, and as amended on September 15, 2008. 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.

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Exhibit 1.04


Investor Relations		Media Relations
Monish Bahl CDC Corporation 678-259-8510 mbahl@cdcsoftware.com		Lorretta Gasper CDC Corporation 678-259-8631 lgasper@cdcsoftware.com

FOR IMMEDIATE RELEASE

CDC Games Plans To Offer More “Green Online Games” for Emerging Genre in China

CDC Games Plans To Add More Non-Violent, Family-Oriented Online Games to its Current “Green
Games” Offerings

Beijing, September 23, 2008 — CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA), and pioneer of the “free-to-play, pay for merchandise” model for online games in China, announced, at a recent press conference, its plans to offer additional “green online games” for an emerging genre in China.

John Huen, chief operating officer of CDC Games, announced the company’s “green online games” initiative at a recent press conference held by CDC Games at its Beijing office. Liu Jiehua, general secretary of the Game Committee of the Publishers Association of China (PAC), also attended the press conference.

The PAC Game Committee is a national social association in China with a mission to promote “green online games” in an effort to purify the Internet environment and bring more healthy games to Chinese society. “Green online games” in China refers to games with content that is considered to be healthy, non-violent, non-pornographic, and non-addictive. Internet addiction, in particular, is becoming a growing problem throughout China. According to recent press articles quoting Li Jianguo, vice-chairman of the National People’s Congress, “Internet-addicted teenagers account for about 10 percent of China’s web users under the age of 18.”

CDC Games believes it already has published online games that follow the “green online game” strategy supported by the Chinese General Administration of Press and Publication (GAPP). CDC Games’ new initiative is intended to demonstrate the Company’s interest in taking proactive, socially-responsible steps to allow players to experience and enjoy “green online games.”

Liu Jiehua, general secretary of the Game Committee of PAC, said, “Greening online games is now part of government policy. We are happy to see CDC Games initiative to advance the greening of online games and promoting this socially responsible strategy. This initiative is directly aligned with government policy.”

“We believe that green online games will represent a significant segment of the online games market in China,” said John Huen, chief operating officer, CDC Games. “An example of one our upcoming green online games is Digimon. It largely embodies the concept of green games and has inherited the healthy green theme from the popular cartoon series Digimon Adventures. Young people can learn their social duties in the game and discover their own courage and determination to contribute to society. We hope that Digimon will be the flagship game among all green online games.”

Huen added, “Online games are cultural products enjoyed by people so they must be entertaining, but we also believe that some portion of these online games should be educational and set moral examples for the growing new generation of the country. We hope that this latest initiative will show that CDC Games understands the importance of providing green and healthy entertainment to young people in China.”

About CDC Games
CDC Games is a market leader in online and mobile games in China with more than 140 million registered users. CDC Games has also had approximately 11 million active users over the past 90 days, and over 30 million active users in the past 180 days. The company pioneered the “free-to-play, pay-for-merchandise” online games model in China with Yulgang and launched the first free-to-play, pay for merchandise FPS (first person shooter) game in China with Special Force. Currently, CDC Games offers six popular MMO online games in China that include: Special Force, Yulgang, Shaiya, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to help accelerate the development of new, original online games for China and other targeted global geographies. Through its CDC Games International (CGI) subsidiary, the company launched a long-term strategy to be a global publisher of MMO games. As a part of this strategy, CDC Games has partnered with MBC Group, a leading media company in the Middle East, to launch the world’s first online games web portal in the Middle East. For more information on CDC Games, visit: www.cdcgames.net.

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. These forward-looking statements include statements regarding our plans with respect to future online games, our beliefs regarding the nature of our current and planned online games, our intent to take steps in the future with respect to green games, our beliefs regarding the purpose of online games in general, our beliefs regarding the market for green online games and the characteristics thereof, our beliefs regarding the categorization of our current games as green online games and our current plans for future release of additional green online games, our beliefs regarding the future of green online games, our expectations regarding the benefits of green online games and the future popularity of these games for the next generation of gamers and other statements that are not historical, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. 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 development to create green online games, to realize strategic objectives of these future games; (b) the ability to develop and market successfully green online games; (c) the future growth of the online games industry in the China market; (d) the possibility of development delays; (e) the entry of new competitors and their technological advances; and (g) the popularity of these games for younger generations of gamers. 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 on Form 20-F for the year ended December 31, 2007 filed on June 30, 2008 and as amended on September 15, 2008. 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.

Exhibit 1.05


Investor Relations		Media Relations

Monish Bahl CDC Corporation 678-259-8510 mbahl@cdcsoftware.com		Lorretta Gasper CDC Corporation 678-259-8631 lgasper@cdcsoftware.com

FOR IMMEDIATE RELEASE

CDC Corporation In Active Discussions with Several of Its Senior Debenture Holders About
Possible Partial Early Redemptions and/or Other Potential Debenture Modifications

HONG KONG, ATLANTA – September 24, 2008 — CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, announced today that it is in active discussions with several of the holders of its 3.75 percent Senior Exchangeable Convertible Debentures currently due in 2011, of which there is $168 million in principal outstanding, about possible partial early redemptions and/or other potential debenture modifications.

In order to reduce future cash interest payments, as well as future amounts due at maturity or upon possible mandatory early redemption of the debentures in November 2009, the Company believes that may be appropriate, from time to time, to repurchase such debt for cash, in exchange for common stock, or a combination of cash and common stock, in each case in open market transactions and/or privately negotiated transactions. CDC Corporation has been actively in discussions with several of its debenture holders focused around various options that may include, separately or in combination, partial early redemption of a portion of the debentures and/or other possible debenture modifications.

“I am very pleased that we are in active dialogue with debenture holders and the progress of those discussions to date,” said Peter Yip, CEO of CDC Corporation. “As previously reported, we have substantial reserves of cash and cash equivalents, and expect to continue to generate cash from continuing operations. Our core businesses are performing well despite the global recession, and we expect to continue to generate positive cash flow from operations. As a result, we believe that, subject to the results of these discussions, it may be feasible to redeem a portion of our debentures early. We will continue to pursue these discussions, which we believe are not only in the best interests of our debenture holders, but also of our shareholders as well.”

The Company will evaluate any such transaction or transactions in light of then-existing market conditions, taking into account its current liquidity and the prospects for, or benefits of, future access to capital. Any such transaction or transactions that emerge from such discussions will be subject to necessary Board approvals, the terms and conditions of the Company’s 3.75 percent Senior Exchangeable Convertible Debentures, and customary closing conditions. The amounts involved in any such transactions, individually or in the aggregate, may be material.

About CDC Corporation

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. These forward-looking statements include statements regarding our expectations of continued discussions or any agreement with one or more of our debenture holders, possible early redemption of the any of the debentures and other potential debenture modifications or other options. These statements are based on management’s current expectations and are subject to risks and uncertainties and changes in circumstances. There are no assurances these discussions will result in a definitive agreement with any of the debenture holders, individually or collectively. 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 on Form 20-F for the year ended December 31, 2007, as originally filed with the SEC on June 30, 2008 and as amended. 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.

CDC Corporation ———————————————————————————————————
(Translation of registrant’s name into English)

Cayman Islands ———————————————————————————————————
(Jurisdiction of incorporation or organization)

33/F Citicorp Centre 18 Whitfield Road Causeway Bay Hong Kong
——————————————————————————————————— (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No

		CDC Corporation

Date: September 24, 2008	By:	John Clough
	Name:	John Clough
	Title:	Director

Exhibit No.		Description

1.01		Press release dated September 9, 2008 -- CDC Software’s Ross Enterprise Helps Largest Catering Company in Hong Kong with Rapid Growth and Improved Operational Efficiency
1.02		Press release dated September 16, 2008 -- CDC Corporation Increases Adjusted EBITDA Guidance for Second Half of 2008 by up to 25 Percent
1.03		Press release dated September 22, 2008 -- CDC Software’s New Pivotal 6.0 CRM Platform Builds Industry Momentum With Aggressive User Adoption
1.04		Press release dated September 23, 2008 -- CDC Games Plans To Offer More “Green Online Games” for Emerging Genre in China
1.05		Press release dated September 24, 2008 -- CDC Corporation In Active Discussions with Several of Its Senior Debenture Holders About Possible Partial Early Redemptions and/or Other Potential Debenture Modifications