Qin Jia Yuan Media Services Company Limited (stock code: 2366, hereinafter referred to as "QJY" or the "Company") announces that mandate to Directors to allot and issue up to 280,000,000 new shares (the "Specific Mandate") for the TDR Issue was duly passed by the Shareholders at the EGM held on 1 September 2011. The Specific Mandate will be valid until the expiration of 12 months from the date of the EGM ( 31 August 2012).

“As the worldwide capital markets have been volatile recently, the Board of Directors have not yet fixed a definite timetable for the TDR Issue. The Directors will only consider to proceed with the application for the TDR Issue and the TDR Listing at the appropriate time and in the interest of the Company and the Shareholders as a whole taking into account factors including the market conditions, market price of the Shares of the Company and other fund raising options available to the Company for the smooth development of its business" said Dr. Leung Anita Fug Yee Maria, Chief Executive of QJY.