SHANGHAI, China, May 12 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance (TSE Mothers: 9399 and OTC: XHFNY), China's leading financial information provider, today announced that it will hold its Annual General Meeting for shareholders on June 25, 2008 in Shanghai. Following the AGM, the Company will hold an informational meeting in Tokyo for shareholders and investors. The main item on the agenda is the addition of two new board members.

Chairman Wu Jiguang, who was appointed by Xinhua News Agency to be chairman of Xinhua Finance in 2003 in line with the 20-year agreement between Xinhua Finance and the Xinhua News Agency reached in 2000, remains the chairman again this year.

"It is a great honor, as it always has been, to have Chairman Wu on our board," said Xinhua Finance CEO Ms Fredy Bush. "His advice and guidance over the years have been invaluable to the company and to our management team. Chairman Wu's role in the context of our 20-year agreement with Xinhua News Agency is important."

Other remaining board members are Fredy Bush, Jae Lie, Daniel Connell, and Aloysius T. Lawn. As required by the Company's articles of association, Jae Lie will be nominated for re-election this year.

The following candidates are being proposed for election as independent directors at the AGM:

Mr. Chen Xiaolu, who is the son of one of the few legendary founders of the People's Republic of China along with Chairman Mao. His father was one of the Ten Marshals credited with the 1949 victory and was also named the first Mayor of Shanghai, China's most important commercial city. Mr. Chen Xiaolu himself has held a number of senior positions with China's military and served as Deputy Defense Attache at the Chinese Embassy in London. He was also Departmental Director of the Political Restructuring Research Office of the Communist Party of China's Central Committee. In the late 1980s, he moved into the business world, and is currently a Director of Standard International Investment Consultancy Co, Ltd and also an Independent Director of Bosera Funds.

Photo link: http://www.xinhuafinance.com/ChenXiaoLu

"I am delighted to join the board of Xinhua Finance Limited," said Mr. Chen Xiaolu. "This company has helped to bring transparency to China's financial markets with important and pioneering products. Xinhua Finance is good for China, and I am looking forward to lending my full support to Xinhua Finance and its management."

Ms Jeanne Murtaugh, who is Vice Chairman Emeritus of Bank of New York ConvergEx Group, LLC, a leading firm in agency brokerage and investment technology solutions and Vice Chairman of BNY ConvergEx Execution Solutions, based in New York. Ms Murtaugh joined The Bank of New York in 1997 through the acquisition of BNY Brokerage where she was a lead principal. She began her career at J.P. Morgan, then served in various management positions at Wachovia Bank where she established the Bank's retail brokerage business and global custody services, and subsequently at Morgan Stanley & Co. through its ESI subsidiary.

Photo link: http://www.xinhuafinance.com/JeanneMurtaugh

With these changes, the board of directors of Xinhua Finance will have seven members, of whom a majority of four are independent.

"We are honored to welcome Mr. Chen Xiaolu and Jeanne Murtaugh to the Board," said Ms Bush. "We look forward to our continued work with existing board members and to gain new insights from new board members."

The AGM notice will be available for download on the Company's website at http://www.xinhuafinance.com/en/for-investors/ir-calendar/ after 3 June. The date and venue of the meeting for shareholders and investors in Tokyo will be announced later on the same webpage.

Notes to Editors About Xinhua Finance Limited

Xinhua Finance Limited ("XFL") is China's premier financial information and media service provider and is listed on the Mothers Board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China's financial markets and the world, Xinhua Finance's proprietary content platform, comprising Indices, Ratings, Financial News, and Investor Relations, serves financial institutions, corporations and re-distributors worldwide. Through its subsidiary Xinhua Finance Media Limited , XFL leverages its content across multiple distribution channels in China including television, radio, newspaper, magazine and outdoor media. Founded in November 1999, XFL is headquartered in Shanghai, with offices and news bureaus spanning 11 countries worldwide.

For more information, please visit http://www.xinhuafinance.com/ .

This is a press release to the public and should not be relied on as information to make an investment decision by any investor. Investors should read the Company's Securities Report filed to Tokyo Stock Exchange and consider the risk factors together with other information contained therein when making an investment decision. This press release contains some forward- looking statements that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company or industries in which it operates to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

For more information, please contact: Ms. Joy Tsang Tel: +86-21-6113-5999 Mob: +86-136-2179-1577 Email: joy.tsang@xinhuafinance.com

CONTACT: Ms. Joy Tsang, +86-21-6113-5999, or mobile, +86-136-2179-1577,
or joy.tsang@xinhuafinance.com

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