SOURCE: China Cablecom Holdings, Ltd.

China Cablecom Holdings, Ltd.

July 18, 2011 11:44 ET

China Cablecom Elects to Voluntarily Delist From the NASDAQ Capital Market

SHANGHAI, CHINA--(Marketwire - Jul 18, 2011) - China Cablecom Holdings, Ltd. ("China Cablecom" or the "Company") (NASDAQ: CABL), a joint-venture provider of cable television services in the People's Republic of China ("PRC" or "China"), today announces its intent to voluntarily de-list the Company's common stock from the NASDAQ Capital Market ("NASDAQ").

The Board of Directors of the Company (the "Board") unanimously determined that maintaining the listing has imposed difficult burdens on the Company and seeks a voluntary de-listing based on the Company's inability to maintain compliance of the minimum bid price of NASDAQ. In addition, the Company is not in compliance with NASDAQ listing requirements contained in Marketplace Rule 5250(c)(1), which requires timely filing of SEC periodic reports and of its annual report on Form 20-F for the fiscal year ended December 31, 2010, and the Company currently is not in compliance with the requirements of NASDAQ Marketplace Rule 5605(c)(3) regarding the need to have an audit committee comprised of independent directors.

Upon delisting from NASDAQ and following the expected filing of the annual report on Form 20-F, the Company expects that trading of its common shares by shareholders may be effected through quotations on the OTC Bulletin Board (OTCBB). This will require at least one market maker to quote the Company's common shares on the OTC BB Market after the market maker complies with OTC BB Market rules. Notwithstanding any of the foregoing, the Company will remain subject to the periodic reporting requirements of the Exchange Act.

Following the expected filing of the annual report, China Cablecom previously reported its receipt of a notice from NASDAQ dated July 29, 2010 indicating that the Company is not compliant with NASDAQ's $1.00 minimum bid price rule under NASDAQ Marketplace Rule 5550(a)(2) and that the grace period regarding such non-compliance will end on July 23, 2011.

About China Cablecom Holdings

China Cablecom is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog and digital cable services. China Cablecom has consummated the acquisition of a 55 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 1,200,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs, owned directly or indirectly by local branches of State Administration of Radio, Film and Television in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 28 cable networks with over 1.7 million paying subscribers. China Cablecom's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks in which it operates.

Safe Harbor Statement

The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company's other written and oral reports are based on current Company expectations and are subject to risks and uncertainties, which could cause actual results to differ materially. Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained herein. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements herein speak only as of the date stated herein and might not occur in light of these risks, uncertainties, and assumptions. China Cablecom Holdings undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider these factors as well as the additional risk factors outlined in the filings that China Cablecom Holdings makes with the U.S. Securities and Exchange Commission, including the Annual Report on Form 20-F filed with respect to the year ended December 31, 2009.

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