PHOENIX SATELLITE TV LIKELY TO MAKE PROFIT AND LIST ON MAINBOARD

AsiaInfo Services, June, 2004

AsiaInfo Services 06-09-2004 Phoenix Satellite TV Likely to Make Profit and List on Mainboard CHINA, Jun 09, 2004 (SinoCast via COMTEX) -- Liu Changle, chairman and the administrative president of Phoenix Satellite Television Co. Ltd (Phoenix Satellite TV) revealed on June 4 that the sale andprofit of the company would probably hit new records. Liu Shuang, vice president of the company, disclosed that the company was thinking of transferring to list on the mainboard market of SEHK. Liu Changle said that Phoenix Satellite TV's achievement in business in the first quarter of this year was the best in recorded history and its future would also be like this.

He also said the company planned to edge into the broadcasting sector of the Mainland China. The...

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