News Releases

 
NYSE to Suspend China Mass Media Corp. and Moves to Delist
NEW YORK, March 12, 2012 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the American Depositary Shares (the “Securities”) of China Mass Media Corp.  (the "Company") – ticker symbol CMM – should be delisted from the New York Stock Exchange (“NYSE”). Trading in the Securities on the NYSE will be suspended prior to the market opening on Monday, March 19, 2012. The Company expects to commence trading on the over-the-counter (OTC) market that same day under a symbol yet to be determined.
 
NYSE Regulation has determined that the Company is no longer eligible for listing under Section 802.01B of the NYSE Listed Company Manual as it has had an average global market capitalization over a consecutive 30 trading day period of less than $15 million, which is a minimum requirement for continued listing.
 
The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the Securities and Exchange Commission to delist the Securities will be made upon the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.  NYSE Regulation noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.
 
 
Company contact:
China Mass Media Corp.
Julie Sun
Chief Financial Officer
6/F, Tower B, Corporate Square,
35 Finance Street Xicheng District
Beijing, 100033
P. R. China
Phone: +86-10-8809-1050
Email: juliesun@chinammia.com


See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting