Television Broadcasts Limited — Board/Management Information 2011

May 5, 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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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 290)

Website: http://www.290.com.hk

RE-DESIGNATION OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Xia has been re-designated from a Non-executive Director to an Executive Director, both with effect from 5 May 2011.

The board of directors (the “ Board ”) of China Fortune Group Limited (the “ Company ”) is pleased to announce that Mr. Xia Yingyan (“ Mr. Xia ”) has been re-designated from a nonexecutive director (“ Non-executive Director ”) to an executive director of the Company (“ Executive Director ”), both with effect from 5 May 2011.

Mr. Xia, aged 49, was appointed as Non-executive Director on 8 December 2010. He graduated from Hainan University, majoring in both International Trade and Commerce and Business Administration. Mr. Xia possesses significant management experience in the People’s Republic of China (the “ PRC ”) and Hong Kong trade and business. He was formerly the development manager of Hainan Huahai (Hong Kong) Limited, and the assistant to president of HNA Group (Hong Kong) Limited, a subsidiary of HNA Group. HNA Group is based in Hainan Province of the PRC whose shares are listed on PRC’s A and B Stock Exchange Markets.

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Currently, Mr. Xia is the manager of Hainan Meilan International Airport Company Limited (“ Hainan Meilan ”) where he is responsible for Hong Kong affairs. Hainan Meilan is a joint stock company incorporated in the PRC with limited liability whose issued shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited (Stock Code: 357) (the “ Stock Exchange ”).

Mr. Xia has deemed interests in shares and underlying shares of the Company that are held by Jadehero Limited (“ Jadehero ”), a substantial shareholder of the Company. As at the date of this announcement, Jadehero holds (i) 800,000,000 shares of the Company; and (ii) option entitling Jadehero to subscribe for convertible bonds of the Company in the maximum principal sum of HK$128 million with an initial conversion price of HK$0.16 per conversion share. Jadehero is owned as to 80% by Southlead Limited and 20% by Marvel Steed Limited. Mr. Xia is the sole beneficial owner of the entire equity interest in Southlead Limited and Mr. Wong Kam Fat, Tony, a Non-Executive Director and vice-chairman of the Company, is the sole beneficial owner of the entire equity interest in Marvel Steed Limited.

Save as described above, Mr. Xia does not have any relationship with any director, senior management or substantial or controlling shareholder of the Company (as defined under the Rules Governing the Listing of Securities on the Stock Exchange (the “ Listing Rules ”), and he does not hold any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance, and he has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

Pursuant to the re-designation, Mr. Xia is appointed as an Executive Director for a term of one year commencing from 5 May 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. Mr. Xia is entitled to a monthly director emolument of HK$70,000 on a 13-month basis which was determined by the remuneration committee of the Company with reference to Mr. Xia’s experience, duties and responsibilities in the Company and the prevailing market condition.

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Save as disclosed above, there is no other information relating to the re-designation of Mr. Xia which is required to be disclosed pursuant to paragraphs (h) to (v) of Rule 13.51(2) of the Listing Rules and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

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

Hong Kong, 5 May 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. Xia Yingyan, Mr. Yeung Kwok Leung and Mr. Hon Chun Yu; one Non-Executive Director, Mr. Wong Kam Fat, Tony (Vice-Chairman) and three Independent Non-Executive Directors; namely, Mr. Tam B Ray Billy, Mr. Ng Kay Kwok and Mr. Lam Ka Wai, Graham.

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