XINHUA PR NEWSWIRE LOGO Logo for Xinhua PR Newswire, new venture created between PR Newswire and Xinhua Financial Network that will help public and private Chinese companies attract foreign investments by creating a vehicle for the flow of corporate financial information directly to Western media and financial centers. (PRNewsFoto)[JL] BEIJING, LONDON AND NEW YORK CHN, GBR AND USA

    SHANGHAI, China and NEW YORK, Dec. 3 /PRNewswire-FirstCall/ -- Xinhua PR
Newswire, a newly formed venture between Xinhua Financial Network and PR
Newswire (see related news: http://www.prnewswire.com/news/xfnprn ), today
announced an agreement with Shanghai Securities News to offer publicly traded
Chinese companies a mechanism to distribute announcements on a global basis
and a means by which to attract Western investment.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20021125/NYM130LOGO-b )
    Chinese public companies currently meet Chinese disclosure requirements by
placing quarterly financial advertisements in the Shanghai Securities News,
China's leading financial newspaper. Xinhua PR Newswire will expand their
potential investor audience by enabling Chinese companies to target
information directly to key media and investment outlets in Europe and North
America. Xinhua PR Newswire will also provide training on proper financial
information release writing to these companies.
    "We at Shanghai Securities News are very excited by this cooperation with
Xinhua PR Newswire," said Zhang Chijian, editor-in-chief for Shanghai
Securities News. "We are very committed to helping companies, particularly
listed companies. Through this cooperation, we believe the world will come to
know more about China and at the same time, Chinese companies will be able to
make better contact with the world."
    "Shanghai Securities News is a progressive organization that clearly
understands the value of this service to its public company customers," said
Ms. Fredy Bush, Chief Executive Officer of Xinhua Financial Network and
co-chair of Xinhua PR Newswire. "Together, we believe we are paving the way
for the future of foreign investments in China."
    John M. Williams, executive vice president of global markets for PR
Newswire said, "We are extremely pleased and gratified to have concluded an
agreement with the Shanghai Securities News. SSN is widely viewed as an
extremely important financial journal, and we are proud to be associated with
it as we introduce these important new announcement services on behalf of
Chinese-listed companies."
    "The financial communities we reach in the West are extremely interested
in what these public Chinese companies have to say about their growth and
products," Williams concluded.

    About Xinhua PR Newswire
    Xinhua PR Newswire is a venture created by Xinhua Financial Network and PR
Newswire. Xinhua PR Newswire assists Chinese companies, public and private, in
writing and distributing financial information releases to the media,
financial community and general public around the world. Xinhua PR Newswire is
the result of a blending of complementary expertise, relationships and
experience to enable Chinese companies seeking foreign investment to deliver
their information to decision makers, individual and institutional investors,
and journalists worldwide.

    About Shanghai Securities News
    Shanghai Securities News, headquartered in Shanghai, is China's leading
financial newspaper. Wholly owned by Xinhua News Agency, the Shanghai
Securities News has a nationwide daily circulation of 650,000-700,000. It is
the China Securities Regulatory Commission's government designated channel for
disclosure for Chinese-listed companies, therefore, all public companies are
clients of SSN. Coverage of SSN focuses on the securities markets and company
news, but also covers banking, insurance, foreign exchange, futures and real
estate.

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