XINHUA FINANCE MEDIA LIMITED
CHEUNG WAH KEUNG AND OTHERS
SHARE PURCHASE AGREEMENT
IN RESPECT OF SHARES IN THE CAPITAL OF
ECONWORLD MEDIA LIMITED
8 JUNE 2006
THIS SALE AND PURCHASE AGREEMENT (this "AGREEMENT") is made on the 8th day of June 2006.
1. XINHUA FINANCE MEDIA LIMITED [Chinese Characters], a company incorporated under the laws of the
Cayman Islands with registration number 157511 and a registered address at Century Yard, Cricket Square, Hutchins
Drive, P.O. Box 2681GT, George Town, Grand Cayman, Cayman Islands, British West Indies
2. The persons or corporations whose names are set out in Schedule I (each a "VENDOR" and together the
A. The Vendors hold 65,000 shares of EconWorld Media Limited (the "COMPANY"), which represents approximately
18.57% of the issued and outstanding share capital of the Company, a company incorporated in Hong Kong with a
registration number of 696257 and a registered address of Room 203A, 2/F., Stanhope House, 734-738 King's Road,
Hong Kong. Further corporate particulars of the Company are set out in Schedule II.
B. By a subscription agreement dated 26 May 2005 and a supplemental deed dated 2 November 2005 entered into
between Xinhua Finance Limited ("XFL") and the Vendors, the Vendors have the put option to sell the Sale Shares and
XFL has the call option to purchase the Sale Shares in accordance with the terms of the subscription agreement and
C. On 12 January 2006, XFL transferred all its shares in the Company to the Purchaser.
D. The Purchaser desires to purchase from the Vendors and the Vendors wish to sell to the Purchaser 42,000 shares of
the Company (the "SALE SHARES"), representing 12% of the issued and outstanding share capital of the Company
subject to the terms and conditions set out in this Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth herein, the Purchas