Focus Media Network : Announcements and Notices - Changes of Director, Chairman, Authorised Representative, Compliance Officer and Composition of the Corporate Governance Committee and Appointment of Deputy Chairman

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FOCUS MEDIA NETWORK LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8112)

CHANGES OF DIRECTOR, CHAIRMAN, AUTHORISED REPRESENTATIVE, COMPLIANCE OFFICER AND COMPOSITION OF

THE CORPORATE GOVERNANCE COMMITTEE

AND

APPOINTMENT OF DEPUTY CHAIRMAN

The Board announces that with effect from 12 January 2018:

• (i) Mr. Liu Xiaodong has been appointed as an executive Director, the Chairman of the Board, an Authorised Representative and the Chairman of the Corporate Governance Committee;

• (ii) Mr. An Xilei has ceased to be the Chairman of the Board but has been appointed as the Deputy Chairman of the Board, and will continue to serve as an executive Director;

• (iii) Mr. Mock Wai Yin has been appointed as the Compliance Officer and re-designated from the Chairman to a member of the Corporate Governance Committee; and

• (iv) Ms. Lam Hoi Yu Nicki has resigned as an executive Director, an Authorised Representative, the Compliance Officer and a member of the Corporate Governance Committee.

CHANGES OF DIRECTOR, CHAIRMAN, AUTHORISED REPRESENTATIVE, COMPLIANCE OFFICER AND COMPOSITION OF THE CORPORATE GOVERNANCE COMMITTEE AND APPOINTMENT OF DEPUTY CHAIRMAN

Appointment of Director, Changes of Chairman, Authorised Representative, Compliance Officer and composition of the Corporate Governance Committee and Appointment of Deputy Chairman

The board (the ''Board'') of directors (the ''Directors'') of Focus Media Network Limited (the ''Company'') is pleased to announce that Mr. Liu Xiaodong (''Mr. Liu'') has been appointed as an executive Director, the Chairman of the Board, an authorised representative (the ''Authorised Representative'') (pursuant to rule 5.24 of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the ''GEM Listing Rules'') of The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'')) and the Chairman of the corporate governance committee of the Company (the ''Corporate Governance Committee''), all with effect from 12 January 2018.

The Board also announces that, with effect from 12 January 2018, (1) Mr. An Xilei (''Mr. An'') has ceased to be the Chairman of the Board but has been appointed as the Deputy Chairman of the Board, and will continue to serve as an executive Director; and (2) Mr. Mock Wai Yin has been appointed as the compliance officer (the ''Compliance Officer'') (pursuant to rule 5.19 of the GEM Listing Rules) and be re-designated from the Chairman to a member of the Corporate Governance Committee; owing to internal job arrangement.

The biographical details of Mr. Liu are as follows:

Mr. Liu Xiaodong, aged 55, was an executive director of Huarong International Financial Holdings Limited (''HIFH''), a company listed on the main board of The Stock Exchange of Hong Kong Limited (Stock Code: 993), from 6 August 2015 to 13 April 2017. He acted as the Chief Executive Officer of HIFH during the period from 15 September 2015 to 12 June 2016. He was appointed as the chairman of the board of directors on 14 March 2016 up to his resignation on 13 April 2017. Prior to joining HIFH, Mr. Liu was a member of the senior management in China Huarong International Holdings Limited (''CHIH''), taking up the position of general manager of the business development department and deputy chief executive officer of CHIH. Before joining CHIH, Mr. Liu worked in various companies, taking management positions in Huarong Xiangjiang Bank (華融湘江銀行), China Citic Bank (中信銀行) and Ping An Bank (平安銀行). Mr. Liu obtained a master degree from Hunan Normal University in 1989 and has over 28 years' extensive experience in areas of banking, asset management and investment.

Save as disclosed above, Mr. Liu did not hold any other directorships in public companies listed in Hong Kong or any other major exchanges in the last three years preceding the date of his appointment.

Mr. Liu does not have any relationship with other Directors, senior management, substantial or controlling shareholders of the Company and he has no interests in the shares of the Company which are required to be disclosed pursuant to Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Mr. Liu has entered into a service contract with the Company, which shall be terminable by either party giving not less than three months' notice in writing to the other, subject to retirement by rotation and re-election pursuant to the articles of association of the Company. Under the aforesaid service contract, Mr. Liu shall be entitled to a monthly salary of HK$300,000 and discretionary bonus to be determined by the Board from time to time. The remuneration of Mr. Liu is determined by the Remuneration Committee and the Board with reference to his duties and responsibilities with the Company, his skills and knowledge in the financial services industry and his expected involvement in the Company, remuneration benchmarks in the industry, and prevailing market conditions.

Save as disclosed above, there are no other matters relating to the appointment of Mr. Liu that should be brought to the attention of the shareholders of the Company and there is no other information that should be disclosed pursuant to Rule 17.50(2)(h) to (v) of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange.

The Board would like to extend a warm welcome to Mr. Liu for joining the Board and for his new positions. The Board believes that Mr. Liu will make a significant contribution to the Company with his extensive experience and valuable expertise in the financial services industry. The Board would also like to express its sincere gratitude to Mr. An for his contribution to provide leadership for the Board during his tenure as chairman.

Resignation of Director

The Board also announces that with effect from 12 January 2018, Ms. Lam Hoi Yu Nicki (''Ms. Lam'') has resigned as an executive Director, an Authorised Representative, the Compliance Officer and a member of Corporate Governance Committee owing to her other personal engagement and business commitment. Ms. Lam has confirmed that she has no disagreement with the Board and there is no other matter in relation to her resignation that should be brought to the attention of the Stock Exchange and the shareholders of the Company.

The Board would like to express its sincere gratitude to Ms. Lam for her contributions towards the Company during her tenure of office.

By Order of the Board

FOCUS MEDIA NETWORK LIMITED

Mock Wai Yin

Executive Director

Hong Kong, 12 January 2018

As at the date of this announcement, the Board comprises Mr. Liu Xiaodong (Chairman), Mr. An Xilei (Deputy Chairman), Mr. Wong Hong Gay Patrick Jonathan, Mr. Chen Xiaoping, Mr. Mock Wai Yin, and Mr. Wang Jun as executive Directors; and Mr. Chan Chi Keung Alan, Mr. Lee Chi Hwa Joshua and Ms. Lau Mei Ying as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limitedfor the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the ''Latest Company Announcements'' page of the GEM website atwww.hkgem.comfor at least 7 days from the date of its posting. This announcement will also be posted on the Company's website atwww.focusmedia.com.