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BIG MEDIA GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)
(Stock code: 8167)
RESTORATION OF PUBLIC FLOAT

AND
RESUMPTION OF TRADING IN SHARES

Further to the Announcement, the Board would like to announce that the Company has been
informed by Mei Ah and Sparkle China on 21 February 2007 that the First Subscriber and Sparkle
China have, through placing agents, respectively placed 7,880,000 Shares and 42,600,000 Shares to
five independent placees at the Placing Price of HK$0.2 per Share. The Placing was unconditional
and was completed on 21 February 2007. Following the Placing, the public float of the Company
has been restored to approximately 25.01%.
An application has been made by the Company to the Stock Exchange for resumption of trading in
the Shares on GEM with effect from 9:30 a.m. on 22 February 2007.
Reference is made to the announcement of BIG Media Group Limited (the “Company”) dated 16
February 2007 (the “Announcement”). Terms used in this announcement shall have the same meanings
as defined in the Announcement unless otherwise stated.
Restoration of Public Float
The Board would like to announce that the Company has been informed by Mei Ah and Sparkle China
Development Limited (“Sparkle China”) on 21 February 2007 that the First Subscriber and Sparkle
China have, through placing agents, respectively placed 7,880,000 Shares (representing approximately
2.42% of the existing issued share capital of the Company) and 42,600,000 Shares (representing
approximately 13.11% of the issued share capital of the Company) to five independent placees at a
price of HK$0.2 per Share (the “Placing Price”) (the “Placing”). The Placing was unconditional and
was completed on 21 February 2007 and to the best knowledge, information and belief of the Company,
having made all reasonable enquiries, the placees and their ultimate beneficial owners are third parties
independent of and not connected with the Company and connected persons of the Company.

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According to Mei Ah and Sparkle China, the Placing Price was determined after arm’s length negotiations
between Mei Ah, Sparkle China, and the placing agents, and represents (i) a discount of approximately
18.70% over the closing price of the Shares of HK$0.246 per Share as quoted on the Stock Exchange
on 16 February 2007, being the last trading day prior to the suspension of trading in the Shares on the
Stock Exchange; (ii) a discount of approximately 17.22% to the average closing price of approximately
HK$0.2416 per Share over the last five consecutive trading days up to and including 16 February
2007; and (iii) a discount of approximately 9.09% to the average closing price of approximately
HK$0.22 per Share over the last ten consecutive trading days up to and including 16 February 2007.
Following the Placing, the public float of the Company has been restored to approximately 25.01%.
The following is a summary of the shareholding structure of the Company (i) before completion of the
Subscription Agreements; (ii) upon completion of the Subscription Agreements and before the Placing;
and (iii) upon completion of the Subscription Agreements and after the Placing:
Upon completion of the Upon completion of the
Before completion of the Subscription Agreements Subscription Agreements
Subscription Agreements and before the Placing and after the Placing
No. of Shares % No. of Shares % No. of Shares %
The First Subscriber – 0 150,000,000 46.15 142,120,000 43.73
Richeast Holdings Limited – 0 38,000,000 11.69 38,000,000 11.69
Mr. Ma Ho Man, Hoffman – 0 37,000,000 11.39 37,000,000 11.39
Sparkle China 42,600,000 42.60 42,600,000 13.11 – 0
Shineidea Limited 17,081,651 17.08 17,081,651 5.26 17,081,651 5.26
Millenium Target Holdings
Limited 9,500,000 9.50 9,500,000 2.92 9,500,000 2.92
Public shareholders 30,818,349 30.82 30,818,349 9.48 81,298,349 25.01
Total 100,000,000 100 325,000,000 100 325,000,000 100
Resumption of trading in Shares
An application has been made by the Company to the Stock Exchange for resumption of trading in the
Shares on GEM with effect from 9:30 a.m. on 22 February 2007.
By order of the Board
Lee Man Kwong
Chairman
Hong Kong, 21 February 2007
As at the date hereof, the board of directors (the “Directors”) of the Company comprises Mr. Lee Man
Kwong (executive Director); Ms. Xiong Jingling (executive Director); Mr. Chan Kwok Sun, Dennis
(executive Director); Mr. Law Kwok Keung (executive Director); Mr. Lam Kin Kau, Mark (independent
non-executive Director); Mr. Law Kwok Leung (independent non-executive Director); Mr. Fung Wing
Keung (independent non-executive Director).

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This announcement, for which the Directors collectively and individually accept full responsibility,
includes particulars given in compliance with the GEM Listing Rules 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: (1) the information contained in this announcement is
accurate and complete in all material respects and not misleading; (2) there are no other matters the
omission of which would make any statement in this announcement misleading; and (3) all opinions
expressed in this announcement have been arrived at after due and careful consideration and are
founded on bases and assumptions that are fair and reasonable.
This announcement will remain on the “Latest Company Announcements” page of the GEM website
for at least 7 days from the date of its posting.