2         **Place of** **Percentage****Subsidiary** **Incorporation** **of ownership**Sky Max Global Limited BVI  100%Fully Ascend Limited BVI  100%Luck Trillion Limited BVI  100%Angli Education Development Limited BVI  100%Angli Education Investment Limited BVI  100%Evercom Pacific Limited BVI  70%Century Bonus Limited BVI  70%Smart Cheer Limited BVI  70%Shanghai On-Target Advertisement Co., Ltd PRC  100%

 

3**Subsidiaries of Focus Media Holding Limited (continued)**         **Place of** **Percentage****Subsidiary** **Incorporation** **of ownership**       Brightchina Enterprises Limited BVI  70%Spacenet International Limited BVI  80%Multibillion International Limited BVI  70%Pear Commercial Inc. BVI  100%One Capital Investment Limited BVI  100%First Star Investment Limited BVI  100%Xin Jin Hong Limited Macau  100%Advantage Way Limited BVI  100%Hua Kuang Advertising Company Limited HK  100%Allyes Information Technology Co., Ltd Cayman Island  100%Securacom Limited BVI  100%Powerlane Asia Limited BVI  100%Centremax Enterprises Limited BVI  100%Brilliant Top Investment Limited BVI  100%CGEN Digital Media Company Cayman Island  100%CGEN Digital Technology (Shanghai) Co., Ltd PRC  100%Allyes Online Media Holding Limited Cayman Island  100%Allyes (China) Holding Co., Ltd Hong Kong  100%New Allyes Information Technology (Shanghai) Co., Ltd PRC  100%Allyes Information Technology (Shanghai) Co., Ltd PRC  100%Allyes Software Technology (Shanghai) Co., Ltd PRC  100%China Exceed Limited BVI  100%Shanghai OOH Advertising Co., Ltd PRC  100%Beijing Chuanzhi Huaguang Advertisement Co., Ltd PRC  100%

 

4**Subsidiaries of Focus Media Advertisement**The following table sets forth information concerning Focus Media Advertisement’s subsidiaries eachof which is incorporated in China:           **Focus Media**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         Shanghai Focus Media Advertising Co.,Ltd.  90.0%(1) PRC Advertising agency         Shanghai Perfect Media AdvertisingAgency Co., Ltd.  95.0%(1) PRC Advertising company that operatesadvertising services network onshoe-shining machines         Qingdao Focus Media Advertisement Co.,Ltd.  90.0%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network (formerregional distributor)         Changsha Focus Media ShijiAdvertisement Co., Ltd.  90.0%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network (formerregional distributor)         Dalian Focus Media Advertising Co.,Ltd.  90.0%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network (formerregional distributor)         Shanghai Qianjian Advertising Co., Ltd.  90.0%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network in bankinglocations         Guangzhou Fuke Advertising Company Ltd.  90.0%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network         Zhuhai Focus Media Culture andCommunication Company Ltd.  90.0%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network (formerregional distributor)         Shanghai Focus Media DigitalInformation Technology Co., Ltd.  10%(3) PRC Technical and business consultancy         Shenzhen Bianjie BuildingAdvertisement Co., Ltd.  99.0%(2) PRC Dormant (Former operation andmaintenance of frame advertisingnetwork)         Hebei Focus Media Advertising CompanyLtd.  90.0%(2) PRC Operation and maintenance ofout-of-home televisionadvertising network (formerregional distributor)         Xiamen Focus Media Advertising CompanyLtd.  90.0%(2) PRC Operation and maintenance ofout-of-home televisionadvertising network (formerregional distributor)         Sichuan Focus Media AdvertisingCommunications Co., Ltd.  90.0%(2) PRC Operation and maintenance ofout-of-home televisionadvertising network

 

5**Subsidiaries of Focus Media Advertisement (continued)**           **Focus Media**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         Shanghai New Structure AdvertisementCo., Ltd.  90.0%(2) PRC Operation andmaintenance ofadvertising andtechnical andbusinessconsultancy forposter framenetwork         Shanghai Framedia AdvertisingDevelopment Co., Ltd.  90.0%(2) PRC Operation andmaintenance ofadvertising posterframe network         Guangzhou Shiji Shenghuo AdvertisementCo., Ltd.  90.0%(2) PRC Dormant (Formeroperation andmaintenance ofadvertising posterframe network)         Hefei Fukesi Advertising Co. Ltd.  90.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Jinan Focus Media Advertising Co., Ltd.  80.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Shanghai Target Media Co., Ltd.  90.0%(2) PRC Dormant (Formeroperation andmaintenance ofTarget Media’sout-of-hometelevisionadvertisingnetwork)         Shenyang Target Media Ltd.  30.0%(5) PRC Dormant (Formeroperation andmaintenance ofTarget Media’sout-of-hometelevisionadvertisingnetwork)         Beijing Focus Media Wireless Co., Ltd.  90.0%(2) PRC Technologydevelopment andsupport ofout-of-hometelevisionadvertising andposter framenetwork.         Guangzhou Feisha Advertisement Co.,Ltd.  90.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         DongGuan Focus Media Advertisement &Communications Co., Ltd.  50.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Shanghai FengJing Advertisement &Communications Co., Ltd.  95.0%(4) PRC Operation andmaintenance ofout-of-home LEDadvertising network

 

6**Subsidiaries of Focus Media Advertisement (continued)**           **Focus Media**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         ZhengZhou Focus MediaAdvertisement &Communications Co., Ltd.  85.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         ShiJiaZhuang Focus MediaHuiHuang BusinessAdvertisement Co., Ltd.  90.0%(2) PRC Operation andmaintenance ofadvertising posterframe network         Nanjing Focus MediaAdvertising Co., Ltd.  90.0%(4) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Yunnan Focus Media Co., Ltd.  89.5%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Tianjin Focus TongshengAdvertising Company Ltd.  80.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Zhejiang Ruihong FocusMedia AdvertisingCommunications Co., Ltd.  80.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Wuhan Geshi Focus MediaAdvertising Co., Ltd.  75.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Xi’an Focus MediaAdvertising & InformationCompany Ltd.  70.0%(4) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Shenyang Focus MediaAdvertising Co., Ltd.  70.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Fuzhou Focus MediaAdvertising Co., Ltd.  70.0%(4) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Chongqing Geyang FocusMedia Culture &Broadcasting Co., Ltd.  60.0%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Shanghai Jiefang FocusMedia Advertisement &Communications Co., Ltd.  60.0%(4) PRC Operation andmaintenance ofdirect mailingadvertisingbusiness         City Billboard (BeiJing)Advertisement Co., Ltd.  75.0%(4) PRC Dormant (Formeroperation andmaintenance ofoutdoor LEDbillboardsadvertisingnetwork)         BeiJing YangShiSanWeiAdvertisement Co., Ltd.  70.0%(4) PRC Operation andmaintenance ofmovie theatreadvertising network

 

7**Subsidiaries of Focus Media Advertisement (continued):**           **Focus Media**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         Beijing Tuojiachengyuan AdvertisementCo., Ltd.  90%(2) PRC Operation andmaintenance ofoutdoor traditionalbillboardsadvertising network         Shanghai Zonghengpinyu AdvertisementCo., Ltd.  90%(2) PRC Operation andmaintenance ofoutdoor LEDbillboardsadvertising network         Quanzhou Xindalu CultureCommunication Co., Ltd.  100% PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Guizhou Focus Media AdvertisementCo., Ltd.  100% PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Lanzhou Focus Media AdvertisementCo., Ltd.  100% PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Haerbin Focus Media AdvertisementCo., Ltd.  90%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Jilin Focus Media Advertisement Co.,Ltd.  90%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Hefei Tiandi Advertisement Co., Ltd.  90%(2) PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Suzhou Focus Media Communication andAdvertisement Co., Ltd.  100% PRC Operation andmaintenance ofout-of-hometelevisionadvertising network(former regionaldistributor)         Shanghai ShenghuotongdaoAdvertisement Co., Ltd.  90%(2) PRC Operation andmaintenance ofdirect mailingadvertisingbusiness         Zhengzhou Focus Media FrameAdvertisement Co., Ltd.  100% PRC Operation andmaintenance ofadvertising posterframe network         Shanghai Yuanchi Advertisement Co.,Ltd.  90%(2) PRC Operation andmaintenance ofadvertising posterframe network         Tianjin Saige Advertisement PlanningCo., Ltd.  90%(2) PRC Operation andmaintenance ofadvertising posterframe network         Shijiazhuang Framedia ZhonglianAdvertisement Co., Ltd.  90%(2) PRC Operation andmaintenance ofadvertising posterframe network         Taiyuan Framedia JuzhongAdvertisement Co., Ltd.  90%(2) PRC Operation andmaintenance ofadvertising posterframe network         Jinan Framedia Advertisement Co., Ltd.  90%(2) PRC Operation andmaintenance ofadvertising posterframe network

 

8**Subsidiaries of Focus Media Advertisement (continued):**           **Focus Media**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         Guangzhou Hengxun Advertisement Co.,Ltd.  63%(4) PRC Internet advertising agency         Shanghai Zhenhao Advertisement Co.,Ltd  70.0%(4) PRC Operation and maintenanceof movie theatreadvertising network         Shanghai Qianzhong AdvertisementCo., Ltd  90%(2) PRC Operation and maintenanceof outdoor traditionalbillboard advertisingnetwork         Guangzhou Zhongping AdvertisementCo., Ltd  90%(2) PRC Operation and maintenanceof outdoor LED advertisingnetwork         Shanghai Honghao Advertisement Co.,Ltd  90%(2) PRC Operation and maintenanceof advertising posterframe network         Shanghai Yuanyuan Advertisement Co.,Ltd  90%(2) PRC Operation and maintenanceof advertising posterframe network         Shanghai Zhiyi Advertisement Co., Ltd  90%(2) PRC Operation and maintenanceof advertising posterframe network         Shanghai Lizhu Advertisement Co., Ltd  90%(2) PRC Operation and maintenanceof advertising posterframe network         Liaoning Framedia Advertisement Co.,Ltd  90%(2) PRC Operation and maintenanceof advertising posterframe network         Kunming Jinzhirui Advertisement Co.,Ltd  100% PRC Operation and maintenanceof advertising posterframe network         Qingdao Mubiao Advertisement Co., Ltd  90%(2) PRC Operation and maintenanceof advertising posterframe network         Huichun Focus Media AdvertisementCo., Ltd  90%(2) PRC Operation and maintenanceof out-of-home televisionadvertising network         Ruizhong Billboard (BeiJing)Advertisement Co., Ltd.  75.0%(4) PRC Dormant (Former operationand maintenance of outdoorLED billboards advertisingnetwork) (1) The remaining equity interest is held by Jimmy Wei Yu as our nominee holder. (2) The remaining equity interest is held by Focus Media Advertising Agency. (3) The remaining equity interest is held by Focus Media Technology. (4) The remaining equity interest in this entity is owned by unrelated third parties. (5) The remaining equity interest in this entity is owned by Shanghai Target Media Co., Ltd.

 

9**Subsidiaries of Allyes Advertisement**The following table sets forth information concerning subsidiaries of Shanghai Quanshi and ShanghaiAllyes (two of the PRC operating affiliates, collectively “Allyes Advertisement”), each of which isincorporated in China:           **Allyes**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         Shanghai Huxin Advertising Co., Ltd.  100%(1) PRC Internet advertising agency         Shanghai Mei Si En Advertising Co., Ltd.  100%(1) PRC Internet advertising agency         Shanghai Kuantong Advertising Co., Ltd.  100%(1) PRC Internet advertising agency         Shanghai Hemisphere Allyes MarketingConsultancy Co. Ltd.  51%(2) PRC Internet advertising agency         Beijing Lantian Interactive AdvertisingCo., Ltd.  100%(6) PRC Internet advertising agency         Shanghai Allyes Trends Advertising andMedia Co. Ltd.  100%(1) PRC Internet advertising agency

 

10**Subsidiaries of Allyes Advertisement (continued):**           **Allyes**      **Advertisement’s** **Region of**  **Subsidiaries** **Ownership Percentage** **Operations** **Primary Business**         Beijing Wonderad Advertisement Co., Ltd  70%(3) PRC Internet advertising agency         Beijing Kudong Media Advertising Co.,Ltd.  70%(3) PRC Internet advertising agency         Shanghai Joywell Computer InformationTechnology Co., Ltd.  70%(3) PRC Internet advertising agency         Shanghai Jiangpan Advertising Co., Ltd.  70%(3) PRC Internet advertising agency         Shanghai Netway Advertising Co., Ltd.  70%(3) PRC Internet advertising agency         Beijing Yong & Demon Advertising Co., Ltd.  80%(4) PRC Internet advertising agency         Beijing Yong & Demon Media AdvertisingCo., Ltd.  80%(4) PRC Internet advertising agency         Beijing Jiahuazhongwang Advertising Co.,Ltd.  80%(4) PRC Internet advertising agency         Catch Stone Advertising (Beijing) Co.,Ltd.  100%(1) PRC Internet advertising agency         Beijing Yibolande Advertisement Co., Ltd.  100%(1) PRC Internet advertising agency         Beijing iResearch Market Consulting Co.,Ltd.  100%(1) PRC Internet data analysis and research company         Beijing Aike Information Consulting Co.,Ltd.  100%(1) PRC Internet data analysis and research company         1024 Interactive Marketing Consultant(Beijing) Co., Ltd.  100%(1) PRC Internet advertising agency         Beijing Xingtuan Media Co., Ltd.  100%(1) PRC Internet advertising agency         Shanghai Focus Media WangjingAdvertising Co. Ltd.  100%(1) PRC Internet advertising agency (1) 50% equity interest is held by Shanghai Allyes Advertising Co. Ltd.and the remaining 50% equity interest in this entity is held byShanghai Quanshi Advertising Co. Ltd. (2) 51% equity interest is held by Shanghai Allyes Advertising Co. Ltd,the remaining equity interest is held by Hemisphere Driot, a companyregistered in France. (3) 70% equity interest is held by Shanghai Quanshi Advertising Co. Ltd,the remaining equity interest in this entity is owned by unrelatedthird parties. (4) 80% equity interest is held by Shanghai Quanshi Advertising Co. Ltd,the remaining equity interest in this entity is owned by unrelatedthird parties. (5) 70% equity interest is held by Shanghai Allyes Advertising Co. Ltd andthe remaining equity interest in this entity is owned by ShanghaiQuanshi Advertising Co. Ltd.. (6) 99% equity interest is held by Shanghai Allyes Advertising Co. Ltd andthe remaining equity interest in this entity is owned by ShanghaiQuanshi Advertising Co. Ltd.

 

11**Other important PRC Affiliates:**The following table sets forth information concerning important PRC affiliates each of which isincorporated in China:           **Our**      **Controlled equity** **Region of**  **Affiliates** **ownership** **Operations** **Primary Business**         Shanghai Chuanzhi Advertisement Co.,Ltd.  100%(1) PRC Operation and maintenance ofoutdoor traditional billboardadvertising network         Shanghai Ruili Advertisement Co., Ltd.  100%(1) PRC Operation and maintenance ofoutdoor traditional billboardadvertising network         Shanghai Xinuo Advertisement Co., Ltd  100%(1) PRC Operation and maintenance ofoutdoor traditional billboardadvertising network         Shanghai Fukesi Advertisement Co., Ltd  100%(1) PRC Operation and maintenance ofout-of-home televisionadvertising network         Ha’erbin Yifang Focus MediaAdvertisement Co., Ltd  100%(2) PRC Operation and maintenance ofout-of-home televisionadvertising network         Shanghai Yuanchi CultureCommunication Co., Ltd  100%(3) PRC Operation and maintenance ofposter frame advertising network         Beijing Framedia ZhonglianAdvertisement Co., Ltd  100%(1) PRC Operation and maintenance ofposter frame advertising network         Shenyang Longtaoyuan AdvertisementCo., Ltd  100%(1) PRC Operation and maintenance ofposter frame advertising network         Shanghai Zhuoshen Advertisement Co.,Ltd  100%(1) PRC Operation and maintenance ofposter frame advertising network         Shanghai Dahan Advertisement Co., Ltd  100%(4) PRC Operation and maintenance ofposter frame advertising network         Shanghai Jinxuan Advertisement Co.,Ltd  100%(4) PRC Operation and maintenance ofposter frame advertising network         Changsha Framedia Advertisement Co.,Ltd  100%(5) PRC Operation and maintenance ofposter frame advertising network         Sichuan Framedia Advertisement Co.,Ltd  100%(5) PRC Operation and maintenance ofposter frame advertising network         Zhuhai Framedia Advertisement Co., Ltd  100%(5) PRC Operation and maintenance ofposter frame advertising network         Dianzhong Digital (Beijing)Advertisement Co., Ltd  33%(6) PRC Operation of internet advertising (1) Equity interests are held by one or two PRC citizens designated by us. (2) 90% of equity is held by Shanghai Perfect Media Advertising Agency Co.Ltd and 10% is held byShanghai New Perfect Media Advertising Agency Co., Ltd. (3) 100% of equity is held by Shanghai Yuan Chi Advertisement and Communication Co., Ltd (4) 100% of equity is held by Shanghai New Structure Advertisement Co., Ltd. (5) 100% of equity is held by Shanghai Framedia Advertisement Development Co., Ltd. (6) 33% of equity is held by Hua Kuang Advertising Co., Ltd and 67% of equity is held byunrelated third party.