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International Entertainment News

Wednesday, November 28, 2007

/C O R R E C T I O N - Linktone Ltd./

/C O R R E C T I O N - Linktone Ltd./

In the news release, "Indonesian Based Integrated Media Company to Purchase Stake in Linktone", issued earlier today by Linktone Ltd. (NASDAQ: LTON) over Xinhua PR Newswire, we are advised by the company that some discrepancies were made.

We are advised by the company that the first sentence of the first paragraph should read:

"SHANGHAI, China, Nov. 28 /Xinhua-PRNewswire/ -- Linktone Ltd. (NASDAQ: LTON) , a leading provider of interactive media and entertainment products and services to consumers in China, announced today that it has entered into a definitive agreement with PT Media Nusantara Citra ("MNC"), an Indonesia based, publicly-listed integrated media company, under which MNC will purchase not less than 51% of Linktone's outstanding shares using a combination of a tender offer for existing American Depository Shares ("ADSs") and subscription for newly issued ordinary shares."

Rather than:

"SHANGHAI, China, Nov. 28 /Xinhua-PRNewswire/ -- Linktone Ltd. (NASDAQ: LTON) , a leading provider of interactive media and entertainment products and services to consumers in China, announced today that it has entered into a definitive agreement with PT Media Nusantara Citra ("MNC"), an Indonesia based, publicly-listed integrated media company, under which MNC will purchase no less than 51% of Linktone's outstanding shares using a combination of a tender offer for existing shares and subscription for newly issued shares."

We are also advised by the company that the second paragraph should read:

"The tender offer will be to purchase up to 6.0MM ADSs, representing 60.0MM ordinary shares, or approximately 25% of the total shares outstanding. MNC will subscribe for up to 252.0MM ordinary shares but not less than 180.0MM ordinary shares, representing not less than 51% of total shares outstanding at the close of the subscription and tender offer. Again, both the tender offer and subscription have the same price of US$0.38 per ordinary share (or US$3.80 per ADS)."

Rather than:

"The tender offer will be for 6.1MM ADS, or approximately 25% of total shares outstanding. MNC will subscribe for up to 25.2MM ADS and no less than 18.0MM ADS representing up to approximately 57% and no less than 51% of total shares outstanding at the close of the subscription and tender. Again, both the tender and subscription have the same price of US$3.80 per ADS."

   For more information, please contact:    Investor Relations   Edward Liu   Linktone Ltd.   Tel:   +86-21-6361-1583   Email: edward.liu@linktone.com    Brandi Piacente   The Piacente Group, Inc.   Tel:   +1-212-481-2050   Email: brandi@thepiacentegroup.com  

Xinhua-PRNewswire -- Nov. 28

Source: Linktone Ltd.


Profile: International Entertainment

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