Cheng Hong

Sun Media Investment Investment (a/k/a 'Sun Media Investment' or 'the Group') is one of China's largest privately-run media enterprises with a net asset value of several billion RMB. The Company was recognized as China's most profitable private media company in 2004 and 2005 by Media Magazine. And it was ranked first and second in the overall performance rankings of Media Magazine in 2004 and 2005, respectively. Sun Media Investment was founded in 1999 by Dr. Bruno Wu, one of China's most prominent media entrepreneurs, and by his wife Yang Lan, one of China's most renown broadcast journalists and television hosts. Today, Sun Media Investment is a progressive and innovative media company with global reach and vision. The Group has a portfolio of media and technology investments that spans the Americas, the U.K., Ireland, Japan, Hong Kong and over 20 other countries and regions around the world. In total, Sun Media Investment maintains interests in over 30 companies and 60 media brands that together employee over than 1,000 professionals. It has been profitable since inception with zero debt. Outside of its profitable business activities, Sun Media Investment remains a leading promoter of charitable causes and philanthropic activity in China. The Group has a personal fund through which it provides financial support to various China-based poverty-relief and education initiatives. In addition, it often organizes charity events that promote cross-cultural understanding, the development of a modern civil society, the Arts and other social causes. As a result of its work in the social sector over the past eight years, Sun Media Investment has become a leading example of corporate social responsibility. SMIH has remained largely debt-free, and currently holds assets in excess of HK$2 billion (excluding shares of Sina.com). The total funds involved and the market value of the acquisitions and transactions undertaken by the Group and its advisory service are in excess of HK$40 billion. Presently, Sun Media Investment is launching a series of new business initiatives to increase its role on the global media stage, particularly in the new media and community media sectors. Sun's mission is to become the leading provider of digital community media and interactive marketing services for Chinese audiences globally. With a powerful brand and profitable track record to support its name, the Group is moving toward this goal step-by-step, milestone by milestone.

Part of Asia Satellite Telecommunications Holdings Ltd., AsiaSat BVI Ltd. provides high quality satellite services. The company is based in Road Town, British Virgin Islands.

Bowenvale Ltd. operates as an investment holding company which provides satellite services to the broadcasting and telecommunications markets. The company is headquartered in British Virgin Islands.

Asia Satellite Telecommunications Co., Ltd. provides satellite services. It offers satellite capacity leasing, broadcasting, telecommunications, and transmission services. The company was founded 1988 and is headquartered in Hong Kong.