Television Broadcasts Limited — Capital/Financing Update 2012

Jul 12, 2012

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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China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 290)

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

VOLUNTARY ANNOUNCEMENT

Reference is made to the announcement of China Fortune Financial Group Limited (the ‘‘Company’’) dated 21 December 2011 in respect of the acquisition of 35% equity interest in a finance lease company in the People’s Republic of China (the ‘‘PRC’’).

On 11 July 2012, 融通融資租賃（上海）有限公司 (**Rongtong Finance Lease (Shanghai) Company Limited) (‘‘Rongtong’’) and 中國建設銀行股份有限公司上海市分行 (**China Construction Bank Corporation, the Shanghai Branch) (‘‘CCB’’) entered into a Bank and Enterprise Co-operation Agreement (the ‘‘Agreement’’) pursuant to which CCB has undertaken to grant banking facilities of up to an indicative amount of RMB500 million to Rongtong for an initial period of 3 years from the date of the Agreement (the ‘‘Banking Facilities’’). The term of the Agreement can be extended upon expiry. The Banking Facilities will comprise financial services such as the working capital loans, medium to long term loans, factoring services, notes discounting business and multicurrency loans. Terms and conditions of each of the financing transactions to be effected under the Agreement are subject to mutual agreement between Rongtong and CCB from time to time. It is the intention of Rongtong to utilise the Banking Facilities for expansion and business development purposes.

As bank lending in the PRC is not able to satisfy the increasing financing requirements of small and medium enterprises in the PRC, there has been significant development in alternative financing markets that are complementary to traditional bank lending in the PRC. It has led to the development of a more diversified domestic financing market platform, which has resulted in favourable market opportunities for the further development of the finance leasing industry in the PRC. The directors of the Company consider that, with the additional financial support by CCB pursuant to the terms of the Agreement, Rongtong is wellpositioned to capture business opportunities emerging from the great demand for finance leasing and related services in the PRC.

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• ** The English translation of the Chinese name in this announcement, where indicated, is included for information purpose only, and should not be regarded as the official English name of such Chinese name

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

Hong Kong, 12 July 2012

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. Hon Chun Yu and Mr. Xia Yingyan; two non-executive Directors, namely Mr. Wong Kam Fat Tony (Vicechairman) and Mr. Wu Ling; and three independent non-executive Directors, namely Mr. Lam Ka Wai Graham, Mr. Ng Kay Kwok and Mr. Tam B Ray Billy.

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