Television Broadcasts Limited — Board/Management Information 2011

Dec 15, 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.

==> picture [73 x 73] intentionally omitted <==

China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 290) Website: http://www.290.com.hk

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board is pleased to announce the appointment of Mr. Wu Ling as a Non-executive Director of the Company with effect from 16 December 2011.

The board of directors (the ‘‘Board’’) of China Fortune Financial Group Limited (the ‘‘Company’’) is pleased to announce the appointment of Mr. Wu Ling (‘‘Mr. Wu’’) as a nonexecutive director of the Company (‘‘Non-executive Director’’) with effect from 16 December 2011.

Mr Wu, aged 58, holds a Bachelor of degree in Economics from Zhongnan University of Economics and Law. Mr. Wu is a senior economist and has over 20 years of experience in the People’s Republic of China (‘‘PRC’’) in the area of banking and financial services related business. Mr. Wu is currently an executive director and vice chairman of Well Kent International Investment Company Limited (‘‘Well Kent’’), a company incorporated in Hong Kong. According to the register required to be kept by the Company under section 336 of the Securities and Futures Ordinance (Chapter 571 of Laws of Hong Kong) (‘‘SFO’’), Mankind Investment Limited (‘‘MIL’’), a company incorporated in the British Virgin Islands, is interested in 500,000,000 shares of the Company and is wholly-owned by China Cinda (HK) Asset Management Company Limited (‘‘China Cinda (HK)’’), a company incorporated in Hong Kong. China Cinda (HK) is in turn wholly-owned by Well Kent. Well Kent is in turn wholly-owned by China Cinda Assets Management Company Limited (‘‘China Cinda’’), a company established in the PRC. As such each of China Cinda (HK), Well Kent and China Cinda is deemed to be interested in the aforesaid shares of the Company held by MIL as at the date of this announcement.

In the past three years and as at the date of this announcement, Mr. Wu does not hold any directorships in other listed companies.

As at the date of this announcement, Mr. Wu does not have any interest in the shares of the Company within the meaning of Part XV of the SFO. Save as disclosed above, Mr. Wu does not have any relationships with any directors, senior management or substantial or controlling shareholders of the Company and does not hold any other position with the Company or any other member of the group of companies of which the Company forms part.

– 1 –

The remuneration of Mr. Wu as Non-executive Director is HK$30,000 per month, which is determined by the Board with reference to the prevailing market conditions. The Company and Mr. Wu will enter into an appointment letter for a term of one year commencing from 16 December 2011. He will retire and be eligible for re-election at the next annual general meeting of the Company. Thereafter, he shall retire by rotation and be eligible for re-election in accordance with the retirement by rotation and re-election requirements stipulated in the Articles of Association of the Company.

Save for the information set out above, there is no other information to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited nor is there anything which needs to be brought to the attention of shareholders of the Company in relation to the appointment of Mr. Wu as Nonexecutive Director.

By Order of the Board China Fortune Financial Group Limited Ng Cheuk Fan, Keith Managing Director

Hong Kong, 15 December 2011

As at the date of this announcement, the Board consists of five executive Directors, namely Mr. Zhang Min (Chairman), Mr. Ng Cheuk Fan, Keith (Managing Director), Mr. Hon Chun Yu, Mr. Xia Yingyan and Mr. Yeung Kwok Leung; one non-executive Director, Mr. Wong Kam Fat, Tony (vice-chairman) and three independent non-executive Directors, namely, Mr. Lam Ka Wai, Graham, Mr. Ng Kay Kwok and Mr. Tam B Ray Billy.

– 2 –