Focus Media Network Receives Endorsement FromInstitutional Investo
Gen2 Partners Acquires Additional 10 million Shares fromOpen Market to Boost its Stake to 9.65%
(Hong Kong and Singapore, 7 August 2011) ― Focus Media Network Limited (“Focus MediaNetwork” or “the Company”; Stock code: 8112), the largest digital Out-of-Home media company inHong Kong and Singapore by the number of venues in which the Company deploys its digital flatpaneldisplays, announced that one of the funds managed by Asia based Gen2 Partners Limited(“Gen2 Partners”), has acquired an additional 10 million ordinary shares from the open market on29 July 2011. As a result, Gen2 Partners now owns 9.65% of the issued share capital of FocusMedia Network, becoming the Company’s third largest shareholder.
Mr P J Wong, co-founder, Chairman, CEO and Executive Director of Focus Media Network,said, “We are very encouraged to receive this endorsement from Gen2 Partners, a leadinginstitutional investor in the Asian investment community with firm-wide AUM and assets underadvisory of approximately USD 1 billion. This has given our management team greater confidencein pursuing even more ambitious growth strategies. With the support from Barry and his team, ourCompany will now be able to go far-reaching places that we alone would otherwise not be able to.”
Mr Barry Lau, Managing Partner & Chief Investment Officer of Gen2 Partners, commented:“We are extremely enthused by the prospects of Focus Media Network’s developments under thestewardship of chairman and CEO of the Company, PJ Wong. We had wanted more allocation atthe placement. However, as the Company’s placement was extremely popular resulting in its oversubscriptionby investors, we decided to acquire an additional 10 million shares from the openmarket post listing. We have high expectations for both the Company and the management teamand we see considerable room for the Company to further enhance its market penetration withsteady growth and market development. Its potential and profitability prospects remain impressive.”Focus Media Network Receives Endorsement From Institutional Investor7 August 2011Page | 2Focus Media Network was recently listed on the GEM board of The Stock Exchange of Hong KongLimited on 28 July 2011, with shares priced at the top end of the indicative price range, or 20 timesthe Company’s FY2010 price/earnings multiple. The Company is scheduled on 9 August 2011 toannounce its interim results for the six-months ended 30 June 2011.
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About Focus Media Network Limited (Stock code: 8112)
Focus Media Network is a well-established digital Out-of-Home media company in Hong Kong andSingapore, with an operating history since April 2004. The Group pioneered the concept of creating asizeable network of flat-panel displays in elevator lobbies of office and commercial buildings to selladvertisement. In terms of the number of venues, Focus Media Network is the largest digital OOH mediacompany that has created a sizeable network in elevator lobbies of office and commercial buildings in HongKong and Singapore. Visit Focus Media Network at: www.FocusMedia.tv
About Gen2 Partners Limited
Incorporated in March 2008, Gen2 Partners Limited, an Asian based independent alternative assetmanagement firm, is one of the leading investment management and advisory companies in Asia withcurrently firm-wide AUM and assets under advisory of approximately USD 1 billion. Its diversified businesscomprises fund of hedge funds, hedge fund and private equity. Visit Gen2 Partners Limited at:www.gen2partners.com
Media Enquires:
Focus Media Network Limited
Catherine Leung catherine.leung@focusmedia.tv
Tel：(852) 3588 8266
Fax：(852) 3588 8299
Aries Consulting Limited
Mark Lee marklee@ariesconsulting.com.hk
Kent Lo kentlo@ariesconsulting.com.hk
Janice Wong janicewong@ariesconsulting.com.hk
Tel：(852) 2610 0846
Fax：(852) 2601 0842