Xinhua Finance Media Announces Investment by The Yucaipa Companies

BEIJING, Sept. 26 /Xinhua-PRNewswire/ -- Xinhua Finance Media ("XFMedia"; Nasdaq: XFML), China's leading diversified financial and entertainment media company, today announced that The Yucaipa Companies ("Yucaipa"), an investment firm with holdings in Asia, Europe and the Americas, has signed an agreement to purchase a block of existing shares from certain shareholders who have come out of IPO lockup.  David Olson, a Yucaipa partner, has agreed to join the board of XFMedia as an independent director in connection with the transaction.

The Yucaipa Companies is a premier investment firm that has established a record of fostering economic value through the growth and responsible development of companies.  Since its founding in 1986, the firm has completed mergers and acquisitions valued at more than $30 billion.  As an investor, Yucaipa works with management and contributes at the board level.  Mr. Olson will bring to XFMedia broad transaction experience in Asia.  Prior to becoming a Yucaipa partner, he was Chairman and CEO of Donaldson, Lufkin & Jenrette's Asia Pacific region and Credit Suisse First Boston's Chairman of Investment Banking, Asia Pacific.

Fredy Bush, CEO and Chairman of Xinhua Finance Media, said, "The addition of David as an independent board member will increase the strength of our corporate governance and strategic development.  We are thrilled to be forging this new relationship with a world-class firm like Yucaipa."

About Xinhua Finance Media Limited

Xinhua Finance Media ("XFMedia"; Nasdaq: XFML) is China's leading diversified financial and entertainment media company targeting high net worth individuals nationwide.  The company reaches its target audience via TV, radio, newspapers, magazines and other distribution channels.  Through its five synergistic business groups, Advertising, Broadcast, Print, Production and Research, XFMedia offers a total solution empowering clients at every stage of the media process and keeping people connected and entertained.

Headquartered in Beijing, the company has offices and affiliates in major cities of China including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. For more information, please visit http://www.xinhuafinancemedia.com/ .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," 'confident' and similar statements.  Among other things, expectations about the Chinese advertising market and quotations from management in this announcement contain forward- looking statements.  Statements that are not historical facts, including statements about XFMedia's beliefs and expectations, are forward-looking statements.  Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements.  Potential risks and uncertainties are risks outlined in XFMedia's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release is as of the date hereof, and XFMedia undertakes no duty to update such information, except as required under applicable law.

  For more information:

  China
   Xinhua Finance Media
   Joy Tsang
   Tel:   [phone]
   Email: 

DATASOURCE: Xinhua Finance Media



CONTACT:  Joy Tsang of Xinhua Finance Media, [phone], or

 



Web Site:  http://www.xinhuafinancemedia.com/ 

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