Readcrest Capital AG

Board/Management Information • Mar 31, 2007

News Details

Ad-hoc | 31 March 2007 19:29

Business Media China AG on track towards balanced Chinese/European top management

Business Media China AG / Change of Personnel

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Stuttgart, March 31, 2007 – Business Media China AG (BMC AG, ISIN
DE0005250401, WKN 525040) and John Maxwell Hare are ending their
cooperation on excellent terms by mutual agreement as of March 31, 2007.
Max Hare joined BMC AG’s Managing Board in 2004 – initially as CEO and then
as an ordinary member of the Managing Board. Under his management, BMC AG
started its operations and successfully entered the Chinese market. The
company’s operating business is now mostly run by Chinese managers in China
and the administrative unit in Stuttgart.

Max Hare is clearing the path for the intended Chinese/European parity in
the Managing Board and top management. BMC AG appointed a recognized top
manager to its Managing Board in January 2007 in the form of Li Yang Yang.
It acquired further top executives for advertising media in China in
November 2006 with Ms. Mo Li Yan and Denny Wen.

Integrated, hand-in-hand work between European and Chinese managers 'at eye
level' is one of BMC AG’s fundamental principles and is one of the
milestones on the path to a leading position in the Chinese advertising
sector.

Investor relations contact
Henryk Deter
cometis AG
Unter den Eichen 7, 65195 Wiesbaden
Tel.: +49 (0) 611 / 20 58 55 13
Fax: +49 (0) 611 / 20 58 55 66
E-Mail: deter@cometis.de

DGAP 31.03.2007

Language: English
Issuer: Business Media China AG
Rotebühlstrasse 87
70178 Stuttgart Deutschland
Phone: +49 (0)711 490 890 0
Fax: +49 (0)711 490 890 10
E-mail: invest@businessmediachina.com
www: www.businessmediachina.com
ISIN: DE0005250401
WKN: 525040
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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