SHANGHAI, Dec. 24 /PRNewswire-Asia/ -- Focus Media Holding Limited (Nasdaq: FMCN),
China's largest digital media group, today announced shareholder
resolutions adopted at its annual general meeting of shareholders
held in Shanghai on Dec. 21, 2009.
Focus Media shareholders adopted the following
resolutions proposed by the Company:
1. Approval of the re-election of Daqing Qi and
Charles Chao as directors
to serve on the board of the
directors for a further three-year term or
until such director's
successor is elected and duly qualified; and
2. Approval of the election of Alex Deyi Yang as
a director to serve on
the board of directors for a
three-year term or until such director's
successor is elected and duly
qualified; and
3. Approval of the 2010 Employee Share Option
Plan and the authorization
of officers to allot, issue or
deliver shares pursuant to the 2010
Employee Share Option Plan;
and
4. Ratification of the appointment of Deloitte
Touche Tohmatsu CPA Ltd. as
independent auditors of the
Company for the fiscal year ending December
31, 2009.
For more detailed information regarding these
resolutions, please review the 2009 Annual General Meeting Notice
posted at http://ir.focusmedia.cn .
SAFE HARBOR: FORWARD-LOOKING STATEMENTS
This press release includes statements that may
constitute forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Focus Media may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission on forms 20-F and 6-K., in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Focus Media's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. A number of
important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential
risks and uncertainties include, but are not limited to, risks
outlined in Focus Media's filings with the U.S. Securities and
Exchange Commission, including its registration statements on Form
F-1, F-3 and 20-F, in each case as amended. Focus Media does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
This release is not an offer of securities for
sale in the United States. Securities may not be offered or
sold in the United States absent registration or an exemption from
registration. Any public offering of securities to be made in
the United States will be made by means of a prospectus that may be
obtained from the issuer or selling security holder and that will
contain detailed information about the company and management, as
well as financial statements.
ABOUT FOCUS MEDIA HOLDING LIMITED
Focus Media Holding Limited (Nasdaq: FMCN) is
China's leading multi-platform digital media company, operating the
largest out-of-home advertising network in China using audiovisual
digital displays, based on the number of locations and number of
flat-panel television displays in our network. Through Focus
Media's multi-platform digital advertising network, the company
reaches urban consumers at strategic locations and
point-of-interests over a number of media formats, including
audiovisual television displays in buildings and stores,
advertising poster frames and other new and innovative media, such
as outdoor light-emitting diode or LED digital billboard and
Internet advertising platforms. As of September 30, 2009, Focus
Media's digital out-of-home advertising network had approximately
125,000 LCD display in its LCD display network and approximately
262,000 advertising in-elevator poster and digital frames,
installed in over 90 cities throughout China, and approximately 130
outdoor LED billboard displays in Shanghai and Beijing. For more
information about Focus Media, please visit our website at http://ir.focusmedia.cn .
SOURCE Focus Media Holding Limited