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.
China Mass Media Corp.
Chief Financial Officer
6/F, Tower B, Corporate Square,
35 Finance Street Xicheng District
P. R. China
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting