Xinhua Finance CEO Says Management Team Remains Intensely Focused on Building Business

Xinhua Finance CEO Says Management Team Remains Intensely Focused on Building Business

May 26, 2007

    SHANGHAI, May 26 /Xinhua-PRNewswire/ -- Fredy Bush,
Chief Executive Officer of Xinhua Finance Limited (symbol:
9399) (OTC ADRs: XHFNY) and Xinhua Finance Media Limited
(Nasdaq: XFML) yesterday issued the following statement: 

    "My management team and I are intensely focused on
running and building our business. There have been numerous
inaccurate and misleading statements made about our company
in recent days, but we will not allow ourselves to be
distracted from continuing to execute on our business plan
by refuting every unfounded claim.  The fundamental
strengths of our business have not changed. We continue to
see strong financial performance in our business, and are
confident that our unique competitive position within China
will allow us to deliver value to our shareholders." 

    £¨Logo: http://www.xprn.com.cn/xprn/sa/200611140926.gif
£©

    About the companies

    Xinhua Finance Limited 

    Xinhua Finance Limited is China's premier financial
information and media service provider and is listed on the
Mothers Board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through five focused and
complementary service lines: Indices, Ratings, Financial
News, Investor Relations, and Distribution.  Founded in
November 1999, the Company is headquartered in Shanghai,
with offices and news bureaus spanning 14 countries
worldwide.   For more information, please visit
www.xinhuafinance.com

    About Xinhua Finance Media Limited 

    Xinhua Finance Media ("XFMedia"; Nasdaq:
XFML) is China's leading diversified financial and
entertainment media company targeting high net worth
individuals nationwide. The company reaches its target
audience via TV, radio, newspapers, magazines and other
distribution channels. Through its five synergistic
business groups, Advertising, Broadcast, Print, Production
and Research, XFMedia offers a total solution empowering
clients at every stage of the media process and keeping
people connected and entertained.  

    Headquartered in Beijing, the company has offices and
affiliates in major cities of China including Beijing,
Shanghai, Guangzhou, Shenzhen and Hong Kong. 

    Xinhua Finance Media Limited is a wholly owned
subsidiary of Xinhua Finance Limited. For more information,
please visit www.xinhuafinancemedia.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements.
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates," ''confident''
and similar statements. Among other things, quotations from
management in this announcement contain forward-looking
statements. XFMedia may also make written or oral
forward-looking statements in its periodic reports to the
U.S. Securities and Exchange Commission on forms 20-F and
6-K, etc., in its annual report to shareholders, in press
releases and other written materials and in oral statements
made by its officers, directors or employees to third
parties.  Statements that are not historical facts,
including statements about XFMedia's beliefs and
expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ
materially from those contained in any forward-looking
statements. Potential risks and uncertainties are risks
outlined in XFMedia's filings with the U.S. Securities and
Exchange Commission, including its registration statement
on Form F-1. 


    For more information, please contact:

    Joy Tsang
    Tel:   [phone]
    Email: [e-mail]