24.01.2008 12:30:00
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CDC Games Announces Promotion of John Huen to Chief Operating Officer
CDC Games, a business unit of CDC Corporation and pioneer of the "free-to-play,
pay for merchandise” model for online games in
China, today announced the promotion of John Huen to chief operating
officer of CDC Games. Huen will be reporting directly to Peter Yip, CEO
of CDC Games.
Prior to this appointment, Mr. Huen served as chief operating officer
and general manager of Optic Communications, a subsidiary of CDC Games.
Optic Communications was acquired by CDC Games in July 2007 and operates
some of the most well-known game titles in the company’s
portfolio, including Shaiya Online, EVE Online, Shine Online and MIR
III. Mr. Huen holds more than 10 years of operating and management
experience in the digital content and telecommunications industries in
China. Before joining Optic, Mr. Huen managed several subsidiaries and
joint ventures of CITIC Pacific Ltd., a telecommunications, media and IT
conglomerate.
Huen holds a bachelor of Engineering degree from the University of Hong
Kong. In 1992, he was awarded the Swire/Foreign and Commonwealth
Scholarship for his master of Philosophy degree in Management Studies at
the University of Oxford.
Upon joining CDC Games, Huen took responsibility for the launch and
operation of Special Force, the first free-to-play, pay for merchandise
FPS (first person shooter) game in China and one of the company’s
best performers. Since its first full month of commercial operation,
registered users of Special Force have grown from 2.5 million to over
13.4 million, and average daily revenues have grown by more than 1,000
percent.
"I am every excited to take on this new
responsibility at CDC Games,” said Huen. "Our
Operations, Distribution and Marketing organizations are established and
proven. I will be focused on improving the efficiency of our launch
process for new games and the continued efficient operations of our
current games. For our planned games in the pipeline, we will work to
repeat the launch success that we have achieved with Special Force.
Based on this success, I am confident in our ability to begin our open
beta testing and commercial launch of The Lord of the Rings Online™:
Shadows of Angmar™ as planned in Q1 and Q2
this year. We are working very closely with Turbine, the creator of The
Lord of the Rings Online game, and intend to continue to do so to
achieve our mutual goals.” "John brings the ideal experience and skills
we need to help ensure predictable launches of new games and efficient
operations of our current games portfolio in China,”
added Yip. "He has proven his abilities
through the successful launch and operation of Special Force and he now
has us well on our way to establishing the operating foundation we need
to scale our China operations beyond our single-game beginnings.” About CDC Games
CDC Games is one of the market leaders of online and mobile games in
China with more than 120 million registered users. 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. Launched in
July 2007, Special Force has consistently ranked in the Top 10
downloaded games in China and is becoming the top revenue producer for
CDC Games. 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 accelerate the development of new, original
online games for China and other targeted global geographies. CDC Games
anticipates being able to deploy up to $100 million for CDC Games Studio
investments through contributions from CDC affiliated companies,
external partners and its internal resources. Through its CDC Games
International (CGI) subsidiary, the company has launched its first
online game in Japan, Minna de Battle in December 2007, and is planning
to launch Lunia Online in the U.S. along with several new games planned
for southeast Asia, further strengthening its position as a global
publisher of online games. For more information on CDC Games, visit: www.cdcgames.net.
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.
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 the
ability of CDC Games to diversify and continue diversifying its
revenues, our beliefs regarding the ability of Special Force and our
other games’ ongoing ability to contribute to
future revenues, the ability to continue momentum and maintain revenue
growth, the ability to successfully measure, choose, collect data
regarding, and to evaluate, key performance metrics for its games, the
ability to successfully grow in key performance areas, the ability to
successfully upgrade and release new games and newer versions of
existing games and the timeliness thereof, our belief regarding growth
trends for our new and existing games, our belief that our operations
and launches are efficient, our plans with respect to our games
pipeline, our belief in Mr. Huen’s
performance, the effectiveness of Mr. Huen’s
intended focus on our efficiency, game launch processes and operations,
the company and Mr. Huen’s ability to repeat
past successes, including those with respect to game launches, our
ability to begin open beta testing and commercial launch of Lord of the
Rings Online in a timely manner, or at all, our ability to successfully
complete open and closed beta tests in the future, our ability to
maintain successful commercial performance, average revenue per user and
peak concurrent users for Special Force and our other games, our ability
to create an operating platform for multiple games either inside or
outside of China, our ability to continue to work with Turbine on mutual
goals such as Lord of the Rings Online, 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 to realize
strategic objectives by taking advantage of market opportunities; (b)
the ability to successfully develop, license and market first person
shooter and other games; (c) the future growth of the online games
industry in the China market and other markets throughout the world; (d)
the possibility of launch and development delays; (e) the development of
competing products and technology; (f) the continued popularity and
player acceptance of Yulgang, Special Force and our other games; (g) the
continuation of our contractual and other partners to perform their
obligations under agreements with us; and (h) the continued employment
of our employees and executives, including Mr. Huen. 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, 2006 on Form 20-F filed on July 2, 2007. 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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