CHINA STATE CONSTRUCTION DEVELOPMENT HOLDINGS LIMITED — M&A Activity 2011

Jul 28, 2011

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)

COMPLETION OF VERY SUBSTANTIAL ACQUISITION

The Board is pleased to announce that all conditions precedent under the Sale and Purchase Agreement have been fulfi lled and the Completion took place on 28 July 2011.

Reference is made to the circular of Media China Corporation Limited (the “ Company ”) dated 17 June 2011 (the “ Circular ”) in relation to the very substantial acquisition and proposed grant of specifi c mandate to issue new shares. Unless otherwise defi ned, capitalised terms used in this announcement shall have the same meanings as those defi ned in the Circular.

The Board is pleased to announce that all conditions precedent under the Sale and Purchase Agreement have been fulfi lled and the Completion took place on 28 July 2011. In accordance with the terms of the Sale and Purchase Agreement, the Company issued the First Consideration Shares to the Vendor.

Following the Completion, the Target Company will become a direct wholly owned subsidiary of Unique Talent, which is in turn wholly owned by the Company, while the Hong Kong Company, Nengrong Culture, Happy Era and Bayhood No. 9 will become indirect wholly owned subsidiaries of Unique Talent, and their results, assets and liabilities will be consolidated into the consolidated fi nancial statements of the Group.

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

Hong Kong, 28 July 2011

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. Edward TIAN Suning (Non-executive Director), Professor WEI Xin, Dr. WONG Yau Kar David JP and Mr. YUEN Kin (each an Independent Non-executive Director).