Appointment of Director

    RNS Number : 8638X
  Cosmedia Group Holdings Limited
  30 June 2008
   

    Cosmedia Group Holdings Limited
    The AIM Listed Chinese Media Group 

    Announces Appointment of Executive Director

    Cosmedia Group Holdings Limited ("Cosmedia" or the "Company"), the holding company of an advertising and media group ("Cosmedia Group")
with a focus on home shopping and television advertising in China, is pleased to announce the appointment of Mr. Berry Kwock to the Board of
Cosmedia as an Executive Director, with effect from 27 June 2008. Mr. Kwock will continue to service concurrently in his current role of
Group Company Secretary. He was originally the Group Chief Financial Officer of the Cosmedia Group.  

    Mr. Kwock, aged 61, is an international business and taxation lawyer by training and a certified public accountant. Senior management
positions held by Mr. Kwock include among others: Partner in charge of Tax Department of Touche Ross (now Deloitte & Touche) in Hong Kong;
Managing Director, Standard Chartered Bank Trust Group; and Group Director Institutional Services, Standard Chartered Bank Equitor Group. In
1992, Mr. Kwock was the Chief Financial Officer of Star TV, a leading Asian regional satellite television broadcaster, covering over three
quarters of the world's population. Mr. Kwock's last role from 1999 to 2003, was as the Group Chief Financial Officer of Media Corporation
of Singapore, a media conglomerate that owns and operates television and radio stations, a newspaper and magazine publishing and
distribution business, and produces and distributes television programs and motion pictures.  

    Within the previous five years, Mr. Kwock had served as a director on the Boards of Singapore Cable Vision and of Starhub, cable
television and telecommunications companies. No further disclosures are required under the AIM Rules.

    Commenting on the announcement of today's appointments, Stanley Pong, Executive Chairman of Cosmedia, said:

    "We are delighted to welcome Berry to our Board. He is an experienced Asian media director and executive, with professional skills and
experience that compliment those of the other members of our Board."

    For further information, please contact:

 Cosmedia Group Holdings Limited
 Stanley Pong/Antony Chan               [phone]


 Collins Stewart Europe Limited
 Adrian Hadden                    [phone]


 Catullus Consulting
 Alex Mackey                      [phone]

    Note to Editors:

    Cosmedia's business

    *     Foreign ownership of television and broadcasting channels in China is not permitted and all such Chinese channels are state-owned
and operated under the supervision of the Chinese government. Cosmedia has established a long-term relationship with China Great Wall Art
and Culture Center ("Great Wall") a subsidiary of the Chinese State Administration of Radio, Film and Television ("SARFT"), to act as
exclusive advertising sales agent to a Chinese television channel with nationwide broadcasting potential ("the Channel").

    *     Cosmedia generates revenue from television home shopping and by selling the Channel's advertising commercial airtime.

    Market overview

    *     According to Euromonitor, the home shopping market in China was worth around US$1 billion in year 2006. China TV Shopping Network
Centre expects this to grow at an average CAGR of 42 per cent over the next few years to a value of US$5.0 billion by year 2010.

    *     Television penetration in China was 96.6%, with 151 million cable households as of 2007. (Spectrum Value Partners, 2005 Data).

    *     Accounting for nearly 44 per cent of total Chinese advertising expenditure in 2006 (China Media Forecasts), television is the
leading advertising medium in China. China's television advertising market was worth US$5.1 billion in 2006 and has been growing at a CAGR
of 15.2% in the past decade. Backed by strong economic growth and increasing spending power, it is expected that the television advertising
market will continue to grow strongly at 16.9% CAGR from 2007 to 2009. (ZenithOptimedia).

    The Company has listed on AIM in order to raise the Company's profile as a quoted company and to provide access to the capital markets
for future expansion.

    ENDS


This information is provided by RNS
The company news service from the London Stock Exchange
 
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