SOURCE: China Cablecom Holdings, Ltd.

April 23, 2008 13:00 ET

China Cablecom Holdings Announces New Ticker Symbol - CCCHF - Effective Today, Wednesday, April 23, 2008

Company to Begin Trading Today Under New Ticker Symbol CCCHF With New Cusip Number; Ordinary Shares to Trade Under CCCHF; Units CCCZF; Warrants CCCWF

SHANGHAI, PEOPLE'S REPUBLIC OF CHINA--(Marketwire - April 23, 2008) - China Cablecom Holdings, Ltd. ("China Cablecom") (OTCBB: CCCHF) (OTCBB: CCCZF) (OTCBB: CCCWF) (OTCBB: JGAC) (OTCBB: JGACU) (OTCBB: JGACW), an emerging consolidated cable network operator and acquirer in the People's Republic of China (PRC), has announced that effective as of today, April 23, 2008, the Company's new trading symbol on the OTC Bulletin Board is now CCCHF, CCCZF, and CCCWF for its ordinary shares, units, and warrants, respectively. The Company's new Cusip number will be G21176 105, G21176 204, and G21176 113 for the ordinary shares, units, and warrants respectively.

"We are very pleased to have finalized the change of our ticker symbol, which is a more accurate reflection of the operations conducted by our joint venture provider of cable television services in the People's Republic of China," said Clive Ng, founder and Executive Chairman of China Cablecom.

About China Cablecom Holdings

China Cablecom Holdings 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. China Cablecom originally acquired operating rights of the network it currently operates 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 SARFT in five different municipalities to serve as a holding company of the relevant businesses. Binzhou Broadcasting operates a cable network with 411,246 paying subscribers as of December 31, 2007. China Cablecom Holdings' strategy is to replicate the acquisition by operating partnership models in other municipalities in Shandong Province in the PRC and then introducing operating efficiencies and increasing service offerings in the networks it operates.

Safe Harbor Statement

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 in this press release. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements in this press release speak only as of the date of this press release 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.

Contact Information