Notice of EGM

RNS Number:6149A
Cosmedia Group Holdings Limited
23 July 2007


                        Cosmedia Group Holdings Limited

                         Extraordinary General Meeting


Cosmedia Group Holdings Limited (the "Company"), the holding company of an
advertising and media group with a focus on television advertising in China,
today announced it has despatched to its Shareholders a notice to convene an
Extraordinary General Meeting ("EGM") of the Company.


The Company operates in a dynamic and fast moving environment which requires the
Company to raise additional capital on a timely basis to meet the opportunities
in the advertising, home shopping, and media markets in China.  The Company is
currently reviewing several opportunities, in home shopping in particular, which
would facilitate its strategy and will update Shareholders in the event that any
such opportunities materialise.  The purpose of the EGM is, in accordance with
the Company's Articles of Association, to seek Shareholder approval of
resolutions to empower the Directors to raise funds for such opportunities
through the issue of additional Ordinary Shares of US$0.10 nominal  value each
("Ordinary Shares") up to a maximum aggregate nominal value of US$1,550,625.93,
being equivalent to approximately 33 1/3% of the nominal value of  total issued
Ordinary Shares of the Company.


The Directors consider that it is in the interests of the Company to pass the
resolutions set out in the Notice of Extraordinary General Meeting. Furthermore,
the Chairman, the Group President, and the other Directors interested in
Ordinary Shares (or the Shareholders holding Ordinary Shares in which they are
interested) intend to vote in favour of the resolutions in respect of their
shareholdings, which together amount to 26,586,570 ordinary shares representing
approximately 57.15% of the existing issued share capital of the Company.


The EGM will be held at 25/F., Henley Building, 5 Queen's Road Central, Hong
Kong on 20 August 2007 at 4:00 p.m. to seek the above Shareholder approval.


Application will be made for the new Ordinary Shares to be admitted to trading
on the AIM market of the London Stock Exchange as and when they are issued.


For further information, please contact:

Cosmedia Group Holdings Limited


Stanley Pong                                                      [phone]

Collins Stewart Europe Limited

Adrian Hadden                                               [phone]

Catullus Consulting

Alex Mackey                                                 [phone]

                                     ENDS -


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