10:24     SMI CORP<00198> - Announcement & Resumption of Trading (9)          

    "Leadership PGL"   Leadership Publishing Group Limited                    
    (now named SMI Publishing Group Limited), a company                       
    incorporated in the Cayman Islands with limited liability                 
    whose shares are listed on the Growth Enterprise Market                   
    of the Stock Exchange                                                     
                                                                              
    "Leadership Share(s)"   ordinary share(s) of HK$0.05 each                 
    in the share capital of Leadership PGL                                    
                                                                              
    "Leadership S&P Agreement"   the conditional agreement                    
    dated 26 March 2004 entered into between SMI and Lucky                    
    Cosmos Limited for the sale and purchase of a total of                    
    101,186,630 Leadership Shares                                             
                                                                              
    "Listing Rules"   The Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "M Channel"   M Channel Corporation Limited, a company                    
    incorporated in Bermuda with limited liability whose shares               
    are listed on the Growth Enterprise Market of the Stock                   
    Exchange                                                                  
                                                                              
    "M Channel S&P Agreement"   the conditional agreement                     
    dated 26 March 2004 entered into between SMI and                          
    Asiacreation Management Limited for the sale and purchase                 
    of a total of 285,500,562 M Channel Shares                                
                                                                              
    "M Channel Share(s)"   ordinary share(s) of HK$0.002 each                 
    in the share capital of M Channel                                         
                                                                              
    "PRC"   the People's Republic of China                                    
                                                                              
    "PRC GAAP"   the General Accepted Accounting Principles of                
    the PRC                                                                   
                                                                              
    "Share(s)"   share(s) of HK$0.10 each in the share capital                
    of the Company                                                            
                                                                              
    "Shareholder(s)"   holder(s) of the Shares                                
                                                                              
    "Sino Logic"   Sino Logic Limited, a company incorporated                 
    in Hong Kong with limited liability and an indirect 100%                  
    owned subsidiary of the Company                                           
                                                                              
    "SMI"   Strategic Media International Limited, a company                  
    incorporated in the British Virgin Islands with limited                   
    liability and the controlling shareholder of the Company.                 
    Mr. Qin Hui holds 100% of the issued share capital of SMI                 
    and is its sole director                                                  
                                                                              
    "Stellar"   Stellar Megamedia Group Ltd. (*), a company incorporated in   
    Beijing, the PRC in                                                       
    September 2001 with limited liability, As at the date of                  
    this announcement, Charter owns approximately 88% equity                  
    interest in Stellar and the remaining 12% is owned by                     
    Chongqing Harvest Communication Co., Ltd. which is                        
    independent of and not connected with to the directors,                   
    chief executive, substantial shareholders of the Company,                 
    its subsidiaries and their respective associates                          
                                                                              
    "Stellar Cinema"   Stellar Cinema Development Limited (*), a sino-foreign 
    equity joint venture                                                      
    enterprise established in the PRC with limited liability,                 
    in which 25% and 75% are held by Sino Logic and Stellar                   
    respectively                                                              
                                                                              
    "Stellar Cinema S&P Agreement"   the sale and purchase                    
    agreement dated 14 March 2005 entered into between Stellar                
    as the vendor and Sino Logic as the purchaser of an                       
    additional 35% equity interest in Stellar Cinema                          
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "HK$"    Hong Kong dollars, the lawful currency of Hong Kong              
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "%"   per cent.                                                           
                                                                              
    By order of the Board                                                     
    SMI Corporation Limited                                                   
    Wong Kun To                                                               
    Managing Director                                                         
                                                                              
    Hong Kong, 16 March 2005