2014

Charm Communications Inc. Reschedules Annual General Meeting to December 30, 2011

BEIJING, Nov. 30, 2011 /PRNewswire-Asia-FirstCall/ -- Charm Communications Inc. (NASDAQ: CHRM) ("Charm" or the "Company"), a leading advertising agency in China, today announced that it has rescheduled the date of its annual general meeting ("AGM") of shareholders to 9:00 a.m. Beijing/Hong Kong time on December 30, 2011. The AGM will be held at the offices of Simpson Thacher & Bartlett LLP, 35/F ICBC Tower, 3 Garden Road, Central, Hong Kong, Hong Kong S.A.R.  

The AGM has been rescheduled in order to allow shareholders and beneficial owners of the Company's American depositary shares ("ADSs") sufficient time to consider the following proposals that will be voted upon at the AGM:

  1. Ratification of the appointment of Deloitte Touche Tohmatsu as the Company's independent auditors.
  2. Ratification of the 2011 Share Incentive Plan that was approved and adopted by the Board of Directors on November 30, 2011.  The 2011 Share Incentive Plan authorizes the issuance of up to 2,000,000 ordinary shares of the Company in the form of options, restricted shares or restricted share units.
  3. Any other business properly brought before the meeting.

Shareholders of record and beneficial owners of the Company's ADSs at the close of business on November 30, 2011 are entitled to attend the AGM and any adjournment or postponement thereof. A circular, including the Notice of AGM and an accompanying proxy form for completion by holders of depository interests, will be mailed to the Company's shareholders of record and beneficial owners.

Holders of the Company's ordinary shares or ADSs may obtain a hard copy of the Company's annual report on Form 20-F, free of charge, by emailing the Company's Investor Relations Department at ir@charmgroup.cn, or by writing to:

26/F Tower A, Oriental Media Center, 4 Guanghua Road
Chaoyang District, Beijing, 100026
People's Republic of China
Attention: Investor Relations Department

About Charm

Charm Communications Inc. (NASDAQ: CHRM) is a leading advertising agency in China. Charm operates its business under four brands: Charm Advertising, Charm Interactive, Charm Click and Shangxing Media. Under the Charm Advertising and Charm Interactive brands, Charm offers integrated advertising agency services from planning and managing advertising campaigns to creating and placing advertisements, and under Charm Click, Charm offers specialized search engine marketing services. Under the Shangxing Media brand, Charm has established a portfolio of television advertising media resources through its exclusive arrangements with premium national television channels, which include not only advertising time but also opportunities for placing branded content. Charm's clients include well-recognized brand names in China across many industries, as well as emerging domestic leading brands. In January 2010, Charm formed a consolidated joint venture with international 4A advertising group Aegis Media, its strategic investor, to operate its brand "Vizeum" in China. For more information please go to http://ir.charmgroup.cn.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in Charm's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 and annual report on Form 20-F. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

For investor and media inquiries, please contact:

In China:

Ms. Rita Pan  
IR Department
Charm Communications Inc.
Phone: +86-10-6581-3885
Email: ir@charmgroup.cn

In the U.S.:

Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Phone: +1-646-460-9989
Email: chrm@ogilvy.com

SOURCE Charm Communications Inc.



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