Focus Media Network : Announcements and Notices - Delay in Despatch of Circular and Adjustment to Expected Timetable in Relation to Proposed; Increase in Authorised Share Capital, Proposed Rights Issue and Change in Board Lot Size

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This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

FOCUS MEDIA NETWORK LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8112)

DELAY IN DESPATCH OF CIRCULAR AND

ADJUSTMENT TO EXPECTED TIMETABLE IN RELATION TO PROPOSED

INCREASE IN AUTHORISED SHARE CAPITAL, PROPOSED RIGHTS ISSUE AND CHANGE IN BOARD LOT SIZE

Reference is made to the announcement of Focus Media Network Limited (the ''Company'') dated 29 June 2017 (the ''Announcement'') and its announcements dated 4 July 2017 and 6 July 2017 respectively, in relation to, among other things, (i) the proposed increase in authorised share capital;

(ii) the proposed rights issue; and (iii) the change of board lot size. Capitalised terms used herein shall have the same meaning as those defined in the Announcement unless the context otherwise requires.

DELAY IN DESPATCH OF CIRCULAR

As stated in the Announcement, a Circular containing, among other things, (i) further details about the Rights Issue; (ii) a letter of recommendation from the independent board committee of the Company to the Independent Shareholders in respect of the Rights Issue; (iii) a letter of advice from the independent financial adviser to the independent board committee of the Company and the Independent Shareholders in respect of the Rights Issue; (iv) further details about the Increase in Authorised Share Capital; and (v) the notice convening the EGM, will be despatched to the Shareholders on or before Thursday, 27 July 2017.

Since additional time is required for the Company to prepare and finalise certain information to be included in the Circular, it is expected that the despatch of the Circular will be postponed to a date falling on or before 7 August 2017.

ADJUSTMENT TO EXPECTED TIMETABLE FOR THE INCREASE IN AUTHORISED SHARE CAPITAL, THE RIGHTS ISSUE AND CHANGE IN BOARD LOT SIZE

As the expected date of despatch of the Circular is postponed, the timetable for the proposed Increase in Authorised Share Capital, the proposed Rights Issue and change in board lot size will be revised. Further announcement will be made by the Company as soon as possible in relation to the revised timetable for the implementation of the proposed Increase in Authorised Share Capital, the proposed Rights Issue and change in board lot size.

By order of the Board

Focus Media Network Limited An Xilei

Chairman

Hong Kong, 27 July 2017

As at the date of this announcement, the Board comprises Mr. An Xilei (Chairman), Mr. Wong Hong Gay Patrick Jonathan, Mr. Chen Xiaoping, Mr. Mock Wai Yin, Ms. Lam Hoi Yu Nicki and Mr. Wang Jun as executive Directors; and Mr. Chan Chi Keung Alan, Mr. Lee Chi Hwa Joshua and Ms. Lau Mei Ying as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the ''Latest Company Announcements'' page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting. This announcement will also be posted on the Company's website at www.focusmedia.com.