Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

XINHUA NEWS MEDIA HOLDINGS LIMITED อശஷৃ᎖దછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 309)

RESIGNATION OF EXECUTIVE DIRECTORS

The Board announces that with effect from 22 January 2018:

  • 1. Mr. Ju Mengjun has resigned as executive Director, Co-chairman and chairman of the executive committee and the nomination committee.

  • 2. Mr. Yu Guang has resigned as executive Director, Chief Executive Officer, chairman of the strategy and development committee and member of the executive committee and the corporate governance committee.

  • 3. Mr. Wen Xin Nian has resigned as executive Director.

RESIGNATION OF DIRECTORS

The board (the "Board") of directors (the "Director(s)") of Xinhua News Media Holdings Limited (the "Company") hereby announces that with effect from 22 January 2018, Mr. Ju Mengjun ("Mr. Ju") has tendered his resignation as executive Director, Co-Chairman and chairman of the executive committee and the nomination committee due to personal and other commitment.

Mr. Yu Guang ("Mr. Yu") has also tendered his resignation as executive Director, Chief Executive Officer, chairman of the strategy and development committee and member of the executive committee and the corporate governance committee with effect from 22 January 2018 due to personal and other commitment.

Further, Mr. Wen Xin Nian ("Mr. Wen") has tendered his resignation as executive Director with effect from 22 January 2018 due to his personal and other commitment.

Each Mr. Ju, Mr. Yu and Mr. Wen has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to express its sincere appreciation to Mr. Ju, Mr. Yu and Mr. Wen for their valuable contributions and services to the Company.

As there is no chairman in the nomination committee subsequent to the resignation of Mr. Ju, it deviates from code provision A.5.1 of the Corporate Governance Code contained in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Company will ensure its compliance regarding the composition of the Board committees under the Corporate Governance Code from time to time.

On behalf of the Board

Xinhua News Media Holdings Limited

David Wei Ji

Executive Director

Hong Kong, 22 January 2018

As at the date of this announcement, the Board comprises two executive directors, namely, Dr.

Lo Kou Hong and Mr. David Wei Ji; and three independent non-executive directors, namely, Mr. Wang Qi, Mr. Tsang Chi Hon and Mr. Ho Hin Yip.

Xinhua News Media Holdings Ltd. published this content on 22 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2018 14:24:01 UTC.

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