CHINA STATE CONSTRUCTION DEVELOPMENT HOLDINGS LIMITED — Capital/Financing Update 2012

Jun 15, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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MEDIA CHINA CORPORATION LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 419)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’).

The board of directors (the ‘‘Board’’) of Media China Corporation Limited (the ‘‘Company’’) announces that the Company has granted share options (the ‘‘Share Options’’) under the share option scheme of the Company as approved by the shareholders at the extraordinary general meeting of the Company on 4 June 2012 (the ‘‘Share Option Scheme’’) to certain Eligible Participants (as defined in the Share Option Scheme) (the ‘‘Grantees’’) for the purpose of subscribing for a total of 193,000,000 ordinary shares of HK$0.10 each of the Company (the ‘‘Shares’’), subject to the acceptance by the Grantees and the payment of HK$1.00 by the Grantees upon acceptance of the Share Options to the Company.

The details of the Share Options granted are as follows:

Date of grant: 15 June 2012 (‘‘Date of Grant’’)

Exercise price for each Share Option: HK$0.10 being the highest of:

• (i) HK$0.077, which is the closing price of the Shares as stated in the daily quotation sheet of the Stock Exchange on the Date of Grant;

• (ii) HK$0.0774, which is the average closing price of the Shares as stated in the daily quotation sheets of the Stock Exchange for the five business days immediately preceding the Date of Grant; and

• (iii) HK$0.10, which is the nominal value the Shares on the Date of Grant.

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Number of Share Options granted:

193,000,000 Share Options (each Share Option shall entitle the Grantees to subscribe for one Share)

Closing price of the Shares on the Date HK$0.077 of Grant:

Validity period (exercisable period) of The Share Options can fully vest from the Date of Grant Share Options: and become exercisable until 14 June 2017 (the 5[th] year from the Date of Grant)

56,000,000 Share Options have been granted to the following directors of the Company among the total number of the Share Options granted.

Number of Share Options granted

Name of director	Number of Share Options granted
ZHANG Changsheng	40,000,000
YUEN Kin	4,000,000
Dr. WONG Yau Kar David	4,000,000
Prof. WEI Xin	4,000,000
CHU Yuguo	4,000,000

Share Options granted to the above directors have been approved by all independent non-executive directors of the Company, except for the relevant independent non-executive director who is the Grantee of such Share Options.

By order of the Board of

Media China Corporation Limited Yuen Hoi Po Chairman

Hong Kong, 15 June 2012

As at the date of this announcement, the Board comprises Mr. YUEN Hoi Po (Chairman and Executive Director), Mr. Hugo SHONG (Vice Chairman and Non-executive Director), Mr. ZHANG Changsheng (Executive Director), Mr. Edward TIAN Suning (Non-executive Director), Professor WEI Xin, Dr. WONG Yau Kar David JP, Mr. YUEN Kin and Mr. CHU Yuguo (each an Independent Non-executive Director).

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