2007'02.01.Thu
Xinhua Finance Makes Second Payment for Acquisition of China TV Consulting Company

March 20, 2006

SHANGHAI, China, March 20 /Xinhua-PRNewswire/ -- Xinhua Finance Limited ("Xinhua Finance") (TSE Mothers: 9399; OTC: XHFNY), China's unchallenged leader in financial information and media, today announced details of the second consideration payment to be made to the original shareholders of Beijing Century Media Culture Co., Ltd. ("Beijing Century Media") pursuant to the sale and purchase agreement signed in September 2005. As announced in the press release of October 11, 2005, further purchase consideration for Beijing Century Media will be payable depending on Beijing Century Media's financial performance during 2005, 2006 and 2007. Xinhua Finance is pleased to announce that Beijing Century Media has reported net income for 2005 of US$2.2 million, which significantly exceeds the original estimate of USD 1.3 million as announced by the Company at the time of the acquisition. Accordingly, the original shareholders of Beijing Century Media will be issued 14,629 of Xinhua Finance shares pursuant to the sale and purchase agreement. Details of the issuance: No. of shares issued: 14,629 shares Issue price per share: US$565.84 Total amount of the issue price: US$8,277,712 Amount to be added to share capital: HK$20 per share Date of issuance: March 21, 2006 Objective of issuance: The shares are part of consideration of the shares of Beijing Century Media that were acquired in September 2005. About Xinhua Finance Limited Xinhua Finance Limited is China's unchallenged leader in financial information and media, 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 four focused and complementary service lines: Indices, Ratings, Financial News and Investor Relations. Founded in November 1999, the Company is headquartered in Shanghai with 21 news bureaus and offices in 18 locations across Asia, Australia, North America and Europe. For more information, please visit http://www.xinhuafinance.com . For more information, please contact: Xinhua Finance Hong Kong / Shanghai Ms. Joy Tsang Tel: +852-3196-3983, +852 9486 4364 or +86-21-6113-5999 Email: joy.tsang@xinhuafinance.com Japan Mr. Sun Jiong, Tel: +81-3-3221-9500 Email: jsun@xinhuafinance.com Taylor Rafferty (IR Contact) Japan Mr. James Hawrylak Tel: +81-3-5733-2621 Email: James.hawrylak@taylor-rafferty.com United States Mr. David Leeney Tel: +1-212-889-4350 Email: xinhuafinance@taylor-rafferty.com SOURCE Xinhua Finance Limited
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