Television Broadcasts Limited — Board/Management Information 2004

May 13, 2004

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code : 290)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of directors (the “Board”) of China Conservational Power Holdings Limited (the “Company”) is pleased to announce the appointment of Mr. Li Yong, Alfa (“Mr. Li”) as an non-executive director of the Company with effect from 13 May 2004.

Mr. Li, aged 31, has 10 years’ experience in marketing and business consulting with an excellent marketing and organization skills. In addition, he has extensive knowledge of an upto-date high tech business. He founded bekoo.com & mycall.net in 2000 and quickly guided them to become two of the most popular communication portals in North America. He was awarded the proclamation for “Being an outstanding Internet Expert and doing business” from City of Cerritos, California, USA in 2000. During the past three years, Mr. Li does not held any directorship in listed public companies.

Apart from his directorship with the Company, Mr. Li does not held any position in other members of the Company. He does not have any relationship with the Board, senior management or substantial or controlling shareholders of the Company. He neither have any personal, family, corporate or other interests in shares of the Company or any of its associated corporations (the “Group”) within the meaning of Securities and Futures Ordinance; nor does he have any management functions in the Group. He entered into a Letter of Appointment with the Company for a term of one year, commencing on 13 May 2004 and will be entitled to a remuneration at the rate of HK$884,000 per annum. This Letter of Appointment will continue thereafter until terminated by either party with three months’ prior notice in writing. The Board considered the terms of the Letter of Appointment to be fair and reasonable and the remuneration package commensurate with Mr. Li’s professional knowledge and working experience. Save as disclosed above, there is no other matters that ought to be brought to the attention of the members of the Company.

The Board would like to express warm welcome to Mr. Li for joining the Company.

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China Conservational Power Holdings Limited – Announcement

13 May 2004

As at the date of this announcement, the Board consists of:–

Executive Directors

1. Mr. Hon Ming Kong

2. Mr. Hon Yik Kwong

3. Mr. Lee Yu Leung

4. Mr. Chen Jun Nong

5. Mr. Pascal Ting

Non-executive Director

1. Mr. Li Yong, Alfa

Independent Non-Executive Directors

1. Mr. Fork Siu Lun, Tommy

2. Mr. Tsoi Wai Kwong

By Order of the Board

China Conservational Power Holdings Limited Hon Ming Kong Chairman

Hong Kong, 13 May 2004

Please also refer to the published version of this announcement in China Daily.

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China Conservational Power Holdings Limited – Announcement

13 May 2004