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

Jan 6, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

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MEDIA CHINA CORPORATION LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 419)

COMPLETION OF PLACING OF UNLISTED WARRANTS

Reference is made to the announcement (the “ Announcement ”) of Media China Corporation Limited (the “ Company ”) dated 19 December 2011 regarding the Warrant Placing. Unless otherwise defi ned herein, capitalised terms used in this announcement shall have the same meaning as those defi ned in the Announcement.

The Directors are pleased to announce that an aggregate of 550,000,000 Warrants have been fully placed and issued to not less than six Placees on the date of this announcement.

To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, each of the Placees and, if applicable, their respective ultimate benefi cial owner(s), is not a connected person and is independent of, and not connected with, the Company, any director(s), chief executive(s) or substantial shareholder(s) (as defi ned in the Listing Rules) of the Company or any of its subsidiaries or their respective associates.

By order of the Board Media China Corporation Limited YUEN Hoi Po Chairman

Hong Kong, 6 January 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. WANG Hong (Executive Director), Mr. TIAN Suning (Non-executive Director), Professor WEI Xin, Dr. WONG Yau Kar David JP and Mr. YUEN Kin (each an Independent Non-executive Director).