China to hear media major shareholder transfer shares awarded shares issued 19.65%

1 months after the suspension of business, the Chinese media (000793) tie large shareholder Capital Airport Group received the approval of the Ministry of Finance, agreed to the company to open the way to solicit the transferee of the agreement to transfer the Chinese media 267 million shares, accounting for the company has issued shares of 19.65%. Upon request, the intention of the assignee should be the internal legal entity, has a clear business development strategy, and has the ability to promote the sustainable development of listed companies and improve the corporate governance structure of listed companies; Most importantly, the intent of the assignee to have the power of the assignee, the possession or management of high-quality media resources,　　and is willing to have a profitable and growing media or advertising resources into China to hear the media, in lieu of the capital Airport Group to carry out the asset injection commitments related matters. This announcement reflects the exit of the capital airport, China to hear the media is waiting for a new control people. Although through the reduction, the capital airport and China to hear another shareholder of the media Shanghai Xinhua Smell Investment Co. Chinese media in a January bulletin said that the capital airport in the reduction of Chinese media, the demand for Shanghai Xinhua smelling media holding shareholder's responsibility. Shanghai Xinhua said that the decision of the capital airport in the two sides did not negotiate the completion of the unilateral statement, and in accordance with the two sides 2006 years of cooperation between the Framework agreement, has not agreed to Shanghai Xinhua smell is the media of course the holding shareholder. Shanghai Xinhua heard that, following the responsibility of the previous holding shareholder is a historical cause, after the expiration of the tie as a major shareholder, the capital Airport Group also has the responsibility to bear the media holding shareholder's responsibility. In addition, since June 2010, the capital Airport Group has become the media in fact the largest shareholder in China, should bear the responsibility of the media holding shareholder. Shanghai Xinhua heard many times to the capital Airport group, support, and cooperate with its exercise of China to hear the media holding shareholder's authority, and support, and cooperate with the media board of China to hear the transition, the Board of Supervisors. Willing to be a supporting role of Shanghai Xinhua smell is not intended to become the capital airport held this part of the Chinese media share of the intention of the assignee.