China Cablecom Announces Management Changes

China Cablecom Announces Management Changes

Senior Vice President of Finance, Sikan Tong, appointed as the Chief Financial Officer

SHANGHAI, March 4 /PRNewswire-FirstCall/ -- China Cablecom Holdings, Ltd. ("China Cablecom" or the "Company") (NASDAQ:CABL) (NASDAQ:CABLW) (NASDAQ: CABLU) , a joint-venture provider of cable television services in the People's Republic of China ("PRC"), today announced the appointment of Sikan Tong as its new Chief Financial Officer, to replace Colin Sung, the former President and Chief Financial Officer of the Company, who has tendered his resignation, effective March 31, 2009, in order to pursue other professional opportunities. Mr. Tong will assume Mr. Sung's role as Chief Financial Officer on March 31, 2009.

Mr. Tong began his career in the audit practice of the Shanghai office of PriceWaterhouseCoopers where he served clients including Atlas Copco, Ecolab, Nokia, AT&T, Unilever, and Bacardi. There he led audit teams in the UK and Shanghai for various industries such as telecom, shipping, energy, consumer, and textiles. Prior to serving as the Senior Vice President of Finance at China Cablecom, Mr. Tong was the Chief Financial Officer at Merrylin International Holding, which manages Merrylin restaurants and Motel 168 hotel chains in China. There, he spearheaded Merrylin's IPO and closely managed fundraising activities through private placements. He also served as Head of Accountancy Training at The Financial Training Company, a leading provider of professional qualifications and business training in the UK and Asia, which later became part of Kaplan Inc.

"On behalf of the Board, we would like to thank Colin for his contributions and dedication to China Cablecom over the past year as we wish him great success in his future endeavors," says Clive Ng, Founder & Executive Chairman of China Cablecom. "We are also excited about the new role that Sikan is assuming as part of our executive team. In the short period of time he has served as Senior Vice President of Finance, Sikan has demonstrated leadership and an expertise in managing our financial operations. Under his guidance, we are confident in being well-positioned in our continuing focus on enhancing our value-added service platform, reducing our debt, cutting expenses, and improving margins."

About China Cablecom

China Cablecom is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog and digital cable services. In June 2008, China Cablecom consummated an agreement to acquire a 60 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 800,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs, owned directly or indirectly by local branches of State Administration of Radio, Film and Television in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 28 cable networks with over 1.4 million paying subscribers. China Cablecom's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks in which it operates.

Safe Harbor Statement

The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company's other written and oral reports are based on current Company expectations and are subject to risks and uncertainties, which could cause actual results to differ materially. Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained herein. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements herein speak only as of the date stated herein and might not occur in light of these risks, uncertainties, and assumptions. The Company undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider these factors as well as the additional risk factors outlined in the filings that the Company makes with the U.S. Securities and Exchange Commission, including the Registration Statement on Form S-1 filed on April 18, 2008.

   China Cablecom Holdings, Ltd.   www.chinacablecom.net   CONTACT: Debra Chen (917-499-8129)   Email: debra@chinacablecom.net  

First Call Analyst:
FCMN Contact: debra@chinacableone.net

Source: China Cablecom Holdings, Ltd.

CONTACT: Debra Chen of China Cablecom Holdings, Ltd., +1-917-499-8129,
or debra@chinacablecom.net

Web Site: http://www.chinacablecom.net/

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