09:18     CHINA DATACAST<08016> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    China Data Broadcasting Holdings Limited                                  
    (incorporated in Bermuda with limited liability)                          
    (Stock Code: 8016)                                                        
                                                                              
    CLARIFICATION OF NEWS ARTICLES, CHANGE IN                                 
    SHAREHOLDING OF CONTROLLING SHAREHOLDER AND                               
    RESIGNATION OF AUDITORS                                                   
                                                                              
    The Board refers to various news articles in the past                     
    weeks on the Company's controlling shareholders Apex                      
    Digital and Mr. Ji in relation to certain long                            
    outstanding indebtedness due to Changhong, Genius and                     
    Hongtu by Apex Digital and wish to clarify the Mr.                        
    Ji has not been arrested by authorities in the PRC                        
    and Mr. Ji is at all time accessible by the Company                       
    and its management and Mr. Ji's duties as executive                       
    director and the Chairman of the Company are                              
    uninterrupted.                                                            
                                                                              
    The written off of trade receivables by Changhong,                        
    Genius and Hongtu as reported in various news articles                    
    has no material bearing on the financial and business                     
    operation of the Group and the Group currently does                       
    not have any outstanding payable to Changhong, Genius                     
    and Hongtu.                                                               
                                                                              
    On 6 January 2005 Apex Digital made the off-the market                    
    purchases for 15,900,000 Shares, representing 5% of                       
    the total issued Shares of the Company (the "Subject                      
    Share Acquisition").                                                      
                                                                              
    The Board understands that the Executive of the                           
    Securities and Futures Commission granted the                             
    confirmation on 3 January 2005 that Apex Digital is                       
    not obliged to make a general offer for all the issued                    
    shares of the Company as a result of the Subject Share                    
    Acquisition.                                                              
                                                                              
    The Board announces that E&Y resigned as auditors of                      
    the Company and its subsidiaries with effect from 7                       
    January 2005 and the Board recommends to appoint BDO                      
    McCabe Lo & Company as auditors of the Company to fill                    
    the casual vacancy following the resignation of E&Y                       
    and to hold office until the conclusion of the next                       
    annual general meeting of the Company.                                    
                                                                              
    The appointment of BDO McCabe Lo & Company as auditors                    
    of the Company is subject to the approval of                              
    shareholders of the Company at a special general                          
    meeting to be held pursuant to the Bye-Laws of the                        
    Company.                                                                  
                                                                              
    The Shares were suspended trading on the Stock                            
    Exchange with effect from 9:31 a.m. on 28 December                        
    2004 and remained suspended pending further                               
    announcement in respect of the above matter.                              
                                                                              
    For and on behalf of                                                      
    China Data Broadcasting Holdings Limited                                  
    David Ji Long Fen                                                         
    Chairman                                                                  
                                                                              
    As at the date of this announcement, the Board                            
    comprises Mr. David Ji Long Fen, Mr. Ancle Hsu Ann                        
    Keh and Ms. Alice Hsu Chu Yun as executive directors.