China Mass Media Corp. Announces Shareholder Resolutions Adopted at Extraordinary General Meeting

News provided by

China Mass Media Corp.

Jul 27, 2010, 05:02 ET

BEIJING, July 27 /PRNewswire-Asia-FirstCall/ -- China Mass Media Corp. ("China Mass Media" or the "Company") (NYSE: CMM), a leading media company in China, has announced shareholder resolutions adopted at its extraordinary general meeting of shareholders held in Beijing, China on July 19, 2010.

China Mass Media's shareholders adopted the following resolutions proposed by the Company:

(1) To approve the adoption of the Fifth Amended and Restated Memorandum
       and Articles of Association

(2) To approve the adoption of the 2010 share option scheme

(3) To grant a general mandate to the board of directors to issue new
       securities and repurchase shares of the Company

(4) To approve the issuance of no more than 71,637,500 ordinary shares,
        par value US$0.001 per share, of the Company as a stock dividend
        credited as fully paid by capitalizing the profit and loss of the
        Company.

About China Mass Media Corp.

As a leading television advertising company in China, the Company provides a full range of advertising services, including advertising agency services, creative production services, public service announcement sponsorship services, and other value added services. The Company currently offers approximately 482 minutes of advertising time slots per day on CCTV Channels 1, 2, 4, E and F. CCTV is the largest television network in China. The Company has produced over 380 advertisements and has won a number of prestigious awards in China and across the world, including the "Gold Medal Award" at The New York Festivals(R) International Television and Film Awards. http://www.chinammia.com

    For further information, contact:

    China Mass Media Corp.
     Julie Sun
     Vice President of Corporate Development
     Tel:   +86-10-8809-1050
     Email: [email protected]

    Christensen
    Beijing:
     Roger Hu
     Tel:   +86-158-1049-5326
     Email: [email protected]

    United States:
     Linda Bergkamp
     Tel:   +1-480-614-3004
     Email: [email protected]

SOURCE China Mass Media Corp.

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