Corporation Announces Board Approval of 2-for-1 Stock Split

Hong Kong, November 19, 1999 — Corporation (NASDAQ: CHINA) announced today that its Board of Directors has approved a 2-for-1 stock split, subject to shareholder approval.

An Extraordinary General Meeting of Shareholders to approve the stock split will be held December 6, 1999. Shareholders of record as of the close of trading on Tuesday, November 23, 1999, will be entitled to vote at the meeting.

If approved, each Corporation shareholder of record at the close of trading on the record date for the split, Monday, December 6, 1999, will be entitled to receive two Corporation Class A Shares for every one Class A Share held on that record date.

About Corporation 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 (,,, and, and 3) sell services through online advertising (24/7 Media Asia). Corporation is committed to enabling digital communities to realize their full 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.

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