09:13     BEIJING MEDIA<01000> - Announcement                                 

    This announcement is for information purposes only                        
    and does not constitute an invitation or offer to                         
    acquire, purchase or subscribe for securities.                            
                                                                              
    The Stock Exchange of Hong Kong Limited and Hong Kong                     
    Securities Clearing Company Limited take no                               
    responsibility for the contents of this announcement,                     
    make no representation as to its accuracy or                              
    completeness and expressly disclaim any liability                         
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    BEIJING MEDIA CORPORATION LIMITED                                         
    (A joint stock limited company incorporated in the                        
    People's Republic of China with limited liability)                        
    (Stock code: 1000)                                                        
                                                                              
    STABILIZING ACTION AND END OF STABILIZING PERIOD                          
                                                                              
    The Board announces that the stabilizing period in                        
    connection with the Global Offering ended on 15                           
    January 2005.                                                             
                                                                              
    Apart from the exercise of the Over-allotment Option,                     
    no other stabilizing action has been taken by HSBC                        
    during the stabilizing period.                                            
                                                                              
    This announcement is made pursuant to the requirement                     
    under Section 9(2) of the Securities and Futures                          
    (Price Stabilizing) Rules. Unless otherwise defined                       
    herein, terms in this announcement shall have the same                    
    meanings as those defined in the prospectus dated 13                      
    December 2004 issued by Beijing Media Corporation                         
    Limited (the "Company").                                                  
                                                                              
    The Board announces that the stabilizing period in                        
    connection with the Global Offering ended on 15                           
    January 2005. During the stabilizing period, HSBC,                        
    as stabilizing manager, exercised in full, on 22                          
    December 2004, the Over-allotment Option to require                       
    the Company to issue 6,510,000 additional H Shares                        
    and the Selling Shareholders to sell 651,000                              
    additional H Shares, representing in aggregate 15%                        
    of the total number of Offer Shares initially                             
    available under the Global Offering. These additional                     
    H Shares were issued and sold at the Offer Price of                       
    HK$18.95 per H Share solely to cover over-allocations                     
    in the International Placing, as more particularly                        
    described in the Company's announcement of 22                             
    December 2004. Apart from the exercise of the                             
    Over-allotment Option, no other stabilizing action                        
    has been taken by HSBC during the stabilizing period.                     
                                                                              
    By order of the Board                                                     
    Beijing Media Corporation Limited                                         
    Zhang Yanping                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 17 January 2005                                                
                                                                              
    The Directors as at the date hereof are Zhang Yanping,                    
    Zhang Yabin, Sun Wei, He Pingping, Du Min, Liu Han,                       
    Xu Xun, Tsang Hing Lun, Wu Changqi and Liao Li.