Leading Greater China Media and Internet

Veterans Join chinadotcom corporation Management Ranks

Hong Kong, December 21, 1999 — chinadotcom corporation (NASDAQ: CHINA), a pan-Asian integrated Internet company providing a full range of solutions that "Build, Distribute, Sell" Internet services, today announced the appointment of two senior executives for its Greater China operations. Mr. Jack Sun was appointed the Director of Operations in China and Mr. Lewis Liu was appointed as Vice President of Business Development in Taiwan.

Mr. Sun has a distinguished background in consumer marketing and media and has previously served as the General Manager of a Star TV joint venture in China. Star TV is a wholly-owned subsidiary of News Corporation. Mr. Sun also has an impressive track record of rising from an analyst to the executive levels at Procter & Gamble.

Mr. Liu has 15 years of corporate experience in media- and interactive services and most recently served as the Chief Executive Officer for China Times Interactive, the interactive arm of one of the largest and most influential newspapers in Taiwan. An authority on the Internet in Taiwan, Mr. Liu is a founding member and chairperson of the Internet Auditing Coalition and the author of The First Step to Internet Advertising, a book that has served as an educational tool covering opportunities on the Internet for many corporate and traditional media executives in Taiwan.

Mr. Peter Hamilton, Chief Executive Operating Officer of chinadotcom corporation said, "Jack and Lewis both bring a wealth of knowledge to China.com Corporationand experience in management and media in Greater China. Their skills are crucial to the expansion of our company as a provider of content, e-commerce solutions and online advertising in the markets of Greater China."

Jack's and Lewis's appointments are part of the continuing process of reinforcing the strongest and most experienced Internet management team in Asia. Hiring people of Jack's and Lewis's caliber is one of many steps we are taking to continue to maintain a lead in the pan-Asian Internet and e-commerce business," Hamilton continued.

According to Morgan & Banks, a wholly owned subsidiary of TMP Worldwide and one of Asia's top executive search organization, "chinadotcom corporation is fast becoming the employer of choice in the Internet world in Asia, due to their unique business strategy, entrepreneurial leadership and strong business alliances. This makes it easy for them to attract the highest caliber candidates given the current shortage of qualified talents in the market place."

In his new capacity, Mr. Sun will manage the chinadotcom's China operations and bring the company's integrated services to a wider audience on the Mainland. "I am looking forward to working with the strong management team at chinadotcom corporation to further develop and implement the company's unique 'Build, Distribute, Sell' business strategy," Mr. Sun said. "It is particularly satisfying to be a member of a team that is at the forefront of Asian technology and that will play an important role in changing the face of China and marrying its vast Internet potential with international expertise."

Mr. Liu will be responsible for leading the company's business strategy in Taiwan. He said, "I am very excited about the role that I will be playing at chinadotcom corporation. There is truly a drive to be number one in the industry within the company, which is demonstrated by the recent partnership between chinadotcom and Accton Technology to create the joint venture company e-Direct Corporation in Taiwan. chinadotcom's positive outlook and vitality will go far in supporting my goal to take the company's success in Taiwan to new heights."

About chinadotcom corporation

chinadotcom corporation is the first pan-Asian integrated Internet company listed in the United States (NASDAQ: CHINA). The company provides a full range of Internet services that; 1) build e-commerce strategy and solutions (the Web Connection), 2) distribute content via its portal network (china.com, cww.com, hongkong.com, and taiwan.com), and 3) sell services through online advertising (24/7 Media Asia). chinadotcom 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 800 employees in 21 offices across 10 Asian markets, including Japan, Korea, Singapore, Malaysia, Hong Kong and Australia. Major corporate shareholders include America Online Inc., Mitsui & Co. Ltd., Nortel Network Corporation, Sun Microsystems Inc., New World Infrastructure Limited and 24/7 Media Inc.

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