Fredy Bush, Chief Executive Officer of Xinhua Finance Media Limited, presides over the Market Close

Friday, March 9, 2007
at NASDAQ's MarketSite
in New York City.

Xinhua Finance Media
[XFML]

Ms. Fredy Bush, Chief Executive Officer of Xinhua Finance Media Limited (XFML) presides over the closing bell in celebration of the Company's initial public offering on NASDAQ.

Xinhua Finance Media (XFML) is a leading diversified media company in China targeting high net worth individuals nationwide. The company provides the integrated platform through the coordination of media assets across TV, radio, newspapers, magazines and other distribution channels. Through its five synergistic business groups of Broadcasting, Print, Production, Advertising and Research, XFML offers a total solution empowering clients at every stage of media process and keeping people connected and entertained.

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Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 03/09/2007 Download Hi-Res Quality Photo of this NASDAQ Market Close - Pictured: Ms. Fredy Bush, Chief Executive Officer of Xinhua Finance Media Limited, center, behind the podium at the closing bell. These photos are Copyright 2007, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2007, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.