SHANGHAI, May 25 /Xinhua-PRNewswire-FirstCall/ -- Fredy Bush, Chief Executive Officer of Xinhua Finance Limited (symbol: 9399) (OTC ADRs: XHFNY) and Xinhua Finance Media Limited (Nasdaq: XFML) today 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."
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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 http://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 http://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
Joy Tsang
Tel: +86-136-2179-1577, or +852-9486-4364
