Television Broadcasts Limited — M&A Activity 2011

Jan 3, 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

EXTENSION OF LONG STOP DATE OF

VERY SUBSTANTIAL ACQUISITION PROPOSED ACQUISITION OF 49% INTEREST IN A COMPANY ENGAGED IN BROKERAGE SERVICES FOR DEALING IN FUTURES CONTRACTS IN THE PRC

As additional time is required for the fulfillment of the Conditions Precedent, after arm’s length negotiations, the Vendor and the Purchaser have entered into a third supplemental agreement on 31 December 2010 (after trading hours) to further extend the Long-stop Date from 31 December 2010 to 30 June 2011.

Reference is made to the announcements of China Fortune Group Limited (the ‘‘Company’’) dated 9 December 2008, 4 March 2009, 27 May 2009, 16 October 2009, 13 January 2010 and 2 February 2010, respectively, and the circular of the Company dated 24 December 2009 (the ‘‘Circular’’) in relation to, among others, the Share Transfer Agreement. Capitalized terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise stated herein.

As additional time is required for the fulfillment of the Conditions Precedent, after arm’s length negotiations, the Vendor and the Purchaser have entered into a third supplemental agreement on 31 December 2010 (after trading hours) to further extend the Long-stop Date from 31 December 2010 to 30 June 2011. Save as disclosed herein, all other terms and conditions of the Share Transfer Agreement remain unchanged and continue to be in full force and effect.

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

Hong Kong, 3 January 2011

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