New Group CEO & CFO Appointed

RNS Number:9270B
Cosmedia Group Holdings Limited
13 August 2007



                        Cosmedia Group Holdings Limited

         Appointment of New Group CFO and CEO of Home Shopping Division

Cosmedia Group Holdings Limited ("Cosmedia" or the "Company"), the holding
company of an advertising and media group with a focus on television advertising
in China, announces that it has appointed Mr Dan Chung as its Chief Financial
Officer, with effect from 15 August 2007.


Mr. Chung, aged 40, is an experienced executive in the field of finance and
media consulting companies, including Boston Consulting Group and Spectrum
Strategy Consultants.  He is educated in Hong Kong with a degree from Oxford
University, followed by a PhD from Princeton University.


Mr. Berry Kwock resigned as the Group Chief Financial Officer with effective
from 15 August 2007, but will remain in his current role of Group Company
Secretary.


In addition, Cosmedia has appointed Mr. Jones Guo as the Chief Executive Officer
of the Company's TV home shopping business venture with effective from 1 August
2007.


Mr. Guo, aged 44, has accumulated over 20 years of experience in the media and
home shopping business in Greater China.  He headed one of the 5 channels for
ETTV Home Shopping Network in Taiwan from its launch.  Furthermore, he was the
driving force behind the "Best One" Home Shopping Network from its green field
inception as a joint venture between ETTV and Zhejiang Media Group.


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


"We are delighted to welcome both Dan and Jones to our senior management team.
Both of them have the perfect credentials and experience to compliment our
already strong team."


"Today's announcement is further evidence that Cosmedia is well positioned with
the right television and new media marketing team to build and grow our
businesses towards the 2008 Beijing Olympics and beyond."


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 by selling the Channel's
advertising airtime and providing integrated solutions to advertisers such as
programme title sponsorship, product placement and product messages embedded in
programmes. In the future, Cosmedia may look to generate home shopping revenue
as well as new media advertising income through, for example, co-operation with
the Channel's dedicated website, the Internet, wireless operators and service
providers.


Market overview


*   Television is currently the largest media sector in China,
both in terms of its reach and influence. With the benefit of new technologies,
the Chinese television industry has grown and diversified, developing into a
complex network of satellite, cable, video-on demand and Internet-based service
providers.


*   According to ZenithOptimedia, China's television market is
the largest market in Asia Pacific, with 355 million television households
representing a penetration rate of 95 per cent as of 2004. Of these, 128 million
are cable households. In 2005, ZenithOptimedia forecast that by the end of 2007
total television households and cable households would increase to 385 million
and 164 million respectively.


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
END

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