Trading Statement

    RNS Number : 3021K
  Cosmedia Group Holdings Limited
  17 December 2008
   

    Cosmedia Group Holding Limited

    Trading Update

    Mr. Stanley Kit Pong, Chairman of Cosmedia Group Holdings Limited ("Cosmedia", the "Company" or the "Group") provides the following
trading update in advance of the Company's Extraordinary General Meeting scheduled for 18 December 2008 to vote on delisting the Company
from AIM:

    *     Revenue of the Group continues to be generated principally from the home shopping business. Overall, revenue for 2008 is targeted
to be more than double that of full-year 2007.

    *     The revenue is being achieved notwithstanding certain difficulties the Company has encountered with Qinghai TV ("QHTV" or
"Channel), the nationwide satellite channel on which China Great Wall Art and Culture Centre ("Great Wall") granted to the Company exclusive
airtime rights. As a consequence of the disastrous earthquake in May 2008, at the Chinese Government's directive, entertainment programmes
such as ours were withdrawn from broadcast. Subsequently, Great Wall has engaged in negotiations with the Channel to resume the broadcast of
our programmes. Although Great Wall assures the Company that the matter will be resolved soon, these negotiations are still ongoing. 

    *     Given the situation with QHTV, the Group has concentrated on the home shopping business on other TV platforms in Jiangxi, Qingdao,
and Tianjin, enabling the Group to sustain revenue but at a lower growth rate than the first half of 2008. 

    *     The global economic crisis has severely affected the business of the Group. Combined with the issues surrounding QHTV, management
expectations for the Group for 2008 and beyond has been lowered materially from that given in the Company's announcement of Unaudited
Interim Results for the Six Months ended 30 June 2008.  



    For further information, please contact:

 Cosmedia Group Holdings Limited
 Anthony Tse                      [phone]

 Collins Stewart Europe Limited
 Adrian Hadden                    [phone]


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