China.com Corporation Realigns Management Structure: Peter Hamilton to Assume Additional Responsibilities of CFO

Business Wire, Nov 18, 1999

HONG KONG--(BUSINESS WIRE)--Nov. 18, 1999--

China.com Corporation has announced that its Chief Operating Officer, Peter Hamilton, will assume the additional responsibilities of Chief Financial Officer until the appointment of a new Chief Financial Officer for Asia's leading integrated Internet company. Mr. Hamilton assumes these responsibilities from David Kim who has resigned.

Peter Yip, Chief Executive Officer of China.com Corporation said, "We wish David well as he leaves to pursue new and exciting challenges in the region. David has been an energetic force in helping us through the exciting days of the IPO and our early days as a public company. He leaves us at a time when we have established a senior management team of unrivalled experience and expertise in the Internet business in Greater China and Asia. This team is effectively executing its unique business strategy across the Asian region and the evidence of this can be found in our recent financial results which show revenues growing well ahead of expectations. It is for reasons such as this that we are ideally placed to capitalize on the wealth of opportunities that the Internet presents in China and the rest of Asia."

About China.com Corporation

China.com Corporation is the first pan-Asian, China-focused integrated Internet company listed in the United States (Nasdaq:CHINA). The company provides a full range of Internet services that; 1) build ecommerce strategy and solutions (the Web Connection), 2) distribute content via its portal network (hongkong.com, taiwan.com, china.com, and cww.com), and 3) sell services through online advertising (24/7 Media Asia). China.com Corporation is committed to enabling digital communities to realize their full Internet potential, thereby facilitating the development of the Internet in China and across Asia. The company has over 600 employees in 17 offices across 10 Asian markets. In Mainland China, the company has five offices and over 200 employees. Corporate shareholders include America Online Inc., Mitsui & Co. Ltd., Bay Networks Inc., Sun Microsystems Inc., Bechtel Enterprises, New World Infrastructure and 24/7 Media Inc.