Television Broadcasts Limited — Capital/Financing Update 2012

May 31, 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

MAJOR DISPOSAL

COMPLETION OF DISPOSAL OF A SUBSIDIARY

Reference is made to the announcements of China Fortune Financial Group Limited (the ‘‘Company’’) dated 29 July 2011 and 30 March 2012, respectively, as well as the circular of the Company dated 25 August 2011 (the ‘‘Circular’’) and the poll result announcement of the Company dated 9 September 2011 in relation to, among others, the Agreement. Capitalized terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise stated herein.

The Board is pleased to announce that all the Conditions Precedent under the Agreement have been fulfilled and the Disposal was completed on 31 May 2012.

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

Hong Kong, 31 May 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.