chinadotcom corporation announcement

Hong Kong, November 25, 2000 — chinadotcom corporation [NASDAQ: CHINA; Website: www.corp.china.com], a leading integrated Internet company, announced the appointment of Mr. Zhou Shun Ao, previously Chief China Officer of chinadotcom, to its board of directors. The company also announced the resignation of Mr. David J. Moore, CEO of 24/7 Media Inc., from the board of chinadotcom.

Commented Raymond Ch'ien, Chairman of the Board of chinadotcom, "We welcome Mr. Zhou to the board and look forward to his valued contribution to the board. We also wish to express our appreciation for the support that Mr. Moore has given to us in the past 2 years."

24/7 Media, Inc. currently holds less than 5% of chinadotcom's stock and 19.9% of the shares of the joint venture, 24/7 Media Asia, one of the companies in chinadotcom's e-marketing business.


About chinadotcom corporation

chinadotcom corporation (NASDAQ: CHINA; Website: www.corp.china.com) is a leading pan-Asian Internet company offering web solutions, portal and online marketing services. Through its three-dimensional business model, chinadotcom provides a full range of Internet services around the Asia Pacific region that; 1) build e-business strategies and solutions (chinadotcom e-solutions), 2) distribute content via its portal network (chinadotcom portals), and 3) sell services through online marketing (chinadotcom e-marketing).

Fuelling the growth of these three business units is a synergistic investment strategy that leverages on chinadotcom's existing operational and cost infrastructure. By partnering with companies that have proven and successful track records, chinadotcom (chinadotcom ventures) is well positioned to create long term shareholder value through its investments.

The company has offices in more than 10 markets, including Japan, Korea, Australia, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, and the USA. For more information about chinadotcom corporation, please visit www.corp.china.com

 

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