Television Broadcasts Limited — Board/Management Information 2011

Apr 12, 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

CHANGE OF CHAIRMAN, RE-DESIGNATION OF DIRECTOR AND APPOINTMENT OF VICE CHAIRMAN

The Board is pleased to announce that Mr. Zhang has been appointed as the Chairman and re-designated from a Non-executive Director to an Executive Director, all with effect from 12 April 2011.

The Board also announces that concurrent with Mr. Zhang’s appointment as the Chairman, Mr. Wong has resigned as the Chairman and has been appointed as the Vice-Chairman, both with effect from 12 April 2011. Mr. Wong will also continue to hold the office of Nonexecutive Director.

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CHANGE OF CHAIRMAN, RE-DESIGNATION OF DIRECTOR AND APPOINTMENT OF VICE-CHAIRMAN

The board of directors (the “ Board ”) of China Fortune Group Limited (the “ Company ”) is pleased to announce that Mr. Zhang Min (“ Mr. Zhang ”) has been appointed as the chairman of the Board (the “ Chairman ”) and re-designated from a Non-executive Director to an executive director of the Company (“ Executive Director ”), all with effect from 12 April 2011.

The Board also announces that concurrent with Mr. Zhang’s appointment as the Chairman, Mr. Wong Kam Fat, Tony (“ Mr. Wong ”) has resigned as the Chairman and has been appointed as the vice-chairman of the Board (the “ Vice-Chairman ”), both with effect from 12 April 2011. Mr. Wong will also continue to hold the office of non-executive director of the Company (“ Non-executive Director ”).

Mr. Wong confirmed that he does not have any disagreement with the Board, and that there are no matters relating to his resignation as the Chairman that need to be brought to the attention of the shareholders of the Company (the “Shareholders” ).

The Board would like to congratulate both Mr. Zhang and Mr. Wong on their respective appointments. The Board believes this arrangement will allow the Company to continue benefitting from both Mr. Zhang and Mr. Wong’s experience and leadership and is confident that under the leadership of Mr. Zhang and Mr. Wong, the businesses of the Group will continue to maintain sustainable and rapid growth.

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Mr. Zhang Min

Mr. Zhang, aged 53, was appointed as a Non-executive Director on 8 December 2010. He is currently an independent non-executive director of Silver Base Group Holdings Limited (Stock Code:886), a company listed on the Main Board of the Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and a director of the Hong Kong Chinese Enterprises Association. He was the chief executive of China Construction Bank Corporation, Hong Kong Branch, from September 2006 to March 2011 and a director of China Construction Bank (Asia) Corporation Limited from August 2006 to March 2011. China Construction Bank (Asia) Corporation Limited is a wholly-owned subsidiary of the China Construction Bank Corporation (Stock Code: 939) (together with its subsidiaries referred to as the “ CCBC Group ”), a joint stock company incorporated in the People’s Republic of China with limited liability, whose issued shares are listed on the Main Board of the Stock Exchange. He was the former president of the Beijing Banking Association from 2003 to 2005 and the Beijing Investment Institution from 2001 to 2006.

Mr. Zhang possesses over 20 years’ experience in the banking industry through his work with the CCBC Group. He holds a Bachelor of Philosophy Degree from the Beijing Normal College and a Master of Laws Degree from the Renmin University of China.

Save as disclosed above, Mr. Zhang does not hold any other position in the Company or any of its subsidiaries and 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.

Mr. Zhang also 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 does not hold any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

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Mr. Zhang is appointed for a term of one year commencing from 12 April 2011. He will retire and be eligible for re-election at the next annual general meeting of the Company, thereafter, subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Zhang is entitled to an annual remuneration of HK$8,000,000 which was determined by the remuneration committee of the Company with reference to Mr. Zhang’s experience, duties and responsibilities in the Company and the prevailing market conditions.

Save as disclosed above, to the best knowledge of the Board, there is no other information relating to Mr. Zhang which is required to be disclosed pursuant to paragraphs (h) to (v) of Rule 13.51(2) of the Listing Rules nor other matter that needs to be brought to the attention of the Shareholders.

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

Hong Kong, 12 April 2011

As at the date of this announcement, the Board consists of four Executive Directors, namely Mr. Zhang Min (Chairman), Mr. Ng Cheuk Fan, Keith (Managing Director), Mr. Yeung Kwok Leung and Mr. Hon Chun Yu; two Non-Executive Directors, Mr. Wong Kam Fat, Tony (ViceChairman) and Mr. Xia Yingyan 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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