VODone Limited News

VODone Obtains Internet Publishing Permit

HONG KONG, June 18 Xinhua-PRNewswire-FirstCall — VODone Limited ("VODone" or the "Company") (stock code: 82.HK), a leading tele-media service provider in China, today announces that its strategic partner, VODone Telemedia, has been issued the Internet Publishing Permit which allows internet enterprises to broadcast online video. This license is issued by the National News Publishing Authority as a key regulatory measure over internet enterprises in China.

VODone has already obtained the Online Broadcasting Permit, Tele-media Business Operation Permit, Television Broadcasting and Operation Permit and Internet Pharmaceutical Services Qualification Information Certificate. The issuance of the Internet Publishing Permit further proves the market leading position of VODone, which demonstrates its strengths and better equips the Company to an advanced stage of development. On the other hand, the online broadcasting licensing policy helps to manage the online broadcasting companies and retain the copyright of online video that is favorable to the development of the online broadcasting business.

This license further evidences the VODone's leading position in the tele-media industry as well as its competence. The license will not only enhance VODone's business scope with a better coverage of programmes, but also lead the Company to sustain its profitability and competitiveness.

Dr. Zhang Lijun, Chairman of VODone, indicated, "Given our strategic partnership with VODone Telemedia, VODone is a leading tele-media service provider with the best system. Media enterprises nowadays should have a well-established system and a sound foundation. With a daily page view of 150 million, VODone Broadcasting Union System (VODone Bus) further evidences the leading position of the VODone portal ( http://www.vodone.com ). With the advancement on internet management and operation, our core competencies will only give us a further lead over our competitors. We welcome the cooperation opportunities with our counterparts to explore business development and share the fruitful success. VODone BUS is one of the successful examples."

In September 2006, upon the completion of the buy-sell agreement between Dr. Zhang Lijun and VODone Limited, Vodone Datamedia Technology Co., Ltd. and subsidiaries of VODone Limited collaborated to further develop the telemedia service business. Capital Market funds were deployed creating support and laying a solid capital foundation for the development of VODone Limited. Vodone Telemedia supports the broadcast of financial information, entertainment, sports and lifestyle programs through multimedia on the platforms of leading Internet and telecom network operators. Vodone's telemedia streaming video programs can be accessed all over the world, around the clock through the online video portals.

About VODone Limited

Founded in 2005, Vodone Telemedia Co. Ltd., a strategic partner of VODone Limited (0082.HK), is the first and leading online video media group in China. It is also the only enterprise in the PRC to own a complete set of licenses to operate video broadcasting on the Internet. Vodone Telemedia has contracted the technical and promotional services to Vodone Datamedia Technology Co., Ltd for 50 years.

For press enquiries in Hong Kong, please contact iPR Ogilvy: Sandy Yeung / Cheris Lee / Canny Lo / Crystal Chan Tel: +852-2136-8072 / 3170-6751 / 3170-6753 / 2169-0049 Email: sandy.yeung@iprogilvy.com / cheris.lee@iprogilvy.com canny.lo@iprogilvy.com / crystal.chan@iprogilvy.com

SOURCE VODone Limited

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