| Name                                                        | Place ofIncorporation  | Ownershipinterestattributable tothe Company |
|-------------------------------------------------------------|------------------------|-------------------------------------------------------|
| NCN Group Limited                                           | British Virgin Islands | 100%                                                  |
|                                                        |                   |                                                  |
| NCN Media Services Limited                                  | British Virgin Islands | 100%                                                  |
|                                                        |                   |                                                  |
| Linkrich Enterprise Advertising and Investment Limited      | Hong Kong              | 100%                                                  |
|                                                        |                   |                                                  |
| Crown Winner International Limited                          | Hong Kong              | 100%                                                  |
|                                                        |                   |                                                  |
| Cityhorizon Limited                                         | Hong Kong              | 100%                                                  |
|                                                        |                   |                                                  |
| NCN Group Management Limited                                | Hong Kong              | 100%                                                  |
|                                                        |                   |                                                  |
| Crown Eagle Investment Limited                              | Hong Kong              | 100%                                                  |
|                                                        |                   |                                                  |
| NCN Huamin Management Consultancy (Beijing) Company Limited | The PRC                | 100%                                                  |
|                                                        |                   |                                                  |
| Huizhong Lianhe Media Technology Co., Ltd.                  | The PRC                | 100%                                                  |
|                                                        |                   |                                                  |
| Beijing Huizhong Bona Media Advertising Co., Ltd.*          | The PRC                | 100% (1)                                              |
|                                                        |                   |                                                  |
| Yi Gao Shanghai Advertising Limited                         | The PRC                | 100% (2)                                              |

| (1) | As of December 31, 2010, the Company did not directly own equity interest of Bona. However, the Company exerted 100% control through a set of commercial agreements. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | As of December 31, 2010, the Company directly owned 70% equity interest of Yi Gao while the remaining 30% equity interest the Company exerted control through trust arrangement. On January 20, 2011, the Company directly owned 100% equity interest of Yi Gao following the transfer of the remaining 30% interest to the Company. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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