China Outdoor Media Group continues to secure renowned companies as strategic shareholders

Mandra Capital acquired 100,000,000 shares of COMG, holding 1.26% of the issued share Company’s capital.

China Outdoor Media Group Limited (“COMG”) announced that in addition to Taobao Tianxia and Shanda Capital Limited, it has secured another company which is an affiliate of Mandra Capital Limited (“Mandra Capital”) as a new strategic shareholder.

Mr Sammy Tsui, Chief Executive Officer of COMG, said, “We are pleased with the increasing number of quality investors showing confidence in our business strategies and prospects, and we believe that we can continue to attract distinguished companies to be our strategic shareholders. Through potential business collaboration, we can create synergies that could further benefit our future development. We will closely evaluate opportunities that could broaden our shareholder base and accelerate our business expansion.”

As at 9 November 2011, the affiliated company of Mandra Capital acquired 100,000,000 shares of COMG, currently holding approximately 1.26% of the issued share capital of the Company, according to a COMG report.

Mandra Capital is wholly and beneficially owned by Mr Zhang Songyi and his family. Mr Zhang is a director of Sina Corporation, a leading online media company providing services mainly through SINA.com (online news and content), weibo.com (microblog) and SINA Mobile (MVAS).