The Board is pleased to announce that completion of the Sale and Purchase Agreement (‘‘Completion’’) took place on 20 August 2015, and a total of 37,471,680 Consideration Shares were allotted and issued on 20 August 2015 in accordance with the terms and conditions of the Sale and Purchase Agreement. As a result of the Completion, the Target Company has become a wholly-owned subsidiary of the Company.
Reference is made to the announcement of the Company dated 10 August 2015 (‘‘Announcement’’) in
relation to the Acquisition involving the issue of Consideration Shares. Unless otherwise defined
herein, capitalised terms used in this announcement shall have the same meanings as those defined in
the Announcement.
COMPLETION OF THE ACQUISITION
The Board is pleased to announce that the Completion took place on 20 August 2015 and a total of
37,471,680 Consideration Shares were allotted and issued to the Vendor on 20 August 2015 in
accordance with the terms and conditions of the Sale and Purchase Agreement. As a result of the
Completion, the Target Company has become a wholly-owned subsidiary of the Company.
The Consideration Shares represent (i) approximately 10.86% of the issued share capital of the
Company immediately before Completion; and (ii) approximately 9.80% of the issued share capital of
the Company as enlarged by the allotment and issue of the Consideration Shares.
INFORMATION ON THE TARGET GROUP
The Target Company is an investment holding company which indirectly holds a 75% equity interest in
Stan Lee Global Entertainment, LLC. The Target Group is engaged in the business of film
development, production and distribution and currently holds over 30 intellectual property rights for
motion picture development in the form of concept, treatment and/or film script among which 3 are
already in the development phases with a view to commence formal shooting in the next 2 years. The
remaining 25% equity interest of Stan Lee Global Entertainment, LLC is owned by POW!
Entertainment, Inc., a third party independent of the Company and its connected persons.
INFORMATION ON POW! ENTERTAINMENT, INC.
Mr. Stan Lee (‘‘Stan’’) is the chairman and chief creative officer of POW! Entertainment, Inc. The
Company understands that Stan is known to many as the co-creator of many Marvel superheroes. Stan’s
co-creations include Spider-Man™, The Incredible Hulk™, X-Men™, The Fantastic Four™, Iron
Man™, Avengers™* and many others. The Company also understands that Stan has created numerous
new characters and stories in areas including publishing, film, television reality, stage, documentary,
and multimedia.
POW! Entertainment, Inc. is a multimedia production and licensing company that creates and licenses
animated and live-action fantasy and superhero entertainment content and merchandise, leveraging the
creative output and brand image of Stan. POW! Entertainment, Inc. develops Stan’s originally created
projects for traditional entertainment media including feature length films in live action and animation,
DVD, live entertainment, television programming, merchandising and new media such as online digital
programming and video games.
* These are the registered trademarks and characters of Marvel Characters, Inc.
By Order of the Board
FOCUS MEDIA NETWORK LIMITED
Wong Hong Gay Patrick Jonathan
Chairman, CEO and Executive Director
Hong Kong, 20 August 2015
As at the date of this announcement, the directors of the Company are as follows:
Executive Directors:
Mr. WONG Hong Gay Patrick Jonathan
Ms. NGAN Toi Yuk
Mr. LEE Sze Leong
Ms. CHEE Huiling Audrey
Non-executive Director:
Mr. CHAN Tsze Wah
Independent non-executive Directors:
Mr. ROSENKRANZ Eric Jon
Mr. CHAN Chi Keung Alan
Mr. CHAN Ming Sun Jonathan
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars
given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market (‘‘GEM’’) of The
Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors,
having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in
this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no
other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the ‘‘Latest Company Announcements’’ page of the GEM website at www.hkgem.com for
at least 7 days from the date of its posting. This announcement will also be posted on the Company’s website at
www.focusmedia.com.