XFL (TSE:9399) to Sharpen Focus on China Market

SHANGHAI, China, April 10 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance
Limited (TSE Mothers: 9399) (OTC ADRs: XHFNY), announced that it has engaged
investment bank Gleacher Partners to explore a range of alternatives to unlock
the value in Xinhua Finance's portfolio of assets.
''Xinhua Finance's position in the China market is a significant
competitive advantage for the Company, and China is already the main source of
our growth and our revenue. Therefore we have engaged Gleacher Partners to
evaluate our business, consider options for expanding our focus on China, and
allow our shareholders to benefit from Xinhua Finance's unique market position
in China,'' XFL CEO Fredy Bush said.
For fiscal year 2007, over 55% of the Company's revenue and 70% of
employees came from its China businesses. Ms Bush said that each of the
Company's service lines has established a significant market leadership
position in China over the eight years since the company was founded.
''We believe we are well positioned to seize further opportunities for
growth as China continues to evolve. The Xinhua Finance board and management
are very focused on shareholder value and believe that Gleacher Partners'
involvement will enable us to further align our business strategy to take
better advantage of our strengths in the China market,'' Ms. Bush added.
For more information, please visit http://www.xinhuafinance.com .
About Gleacher Partners
Established in 1990, Gleacher Partners is a leading independent investment
bank providing corporate strategic advice and investment management services.
The firm has built its reputation by remaining focused on its core principles:
committing senior partners to every aspect of a transaction, avoiding the
traditional conflicts of interest that often exist within larger financial
institutions and handling all client matters with the highest degree of
confidentiality and independence. Since its founding, Gleacher Partners has
advised clients on over $200 billion of M&A transactions and distinguishes
itself by providing independent, senior-level attention in the most complex
and challenging situations.
Employing over 50 professionals, Gleacher Partners is headquartered in New
York with offices in Atlanta and Connecticut. Through its sister company in
London, Gleacher Shacklock, the Company is able to offer clients seamless
advice on a global basis. For more information, please visit
http://www.gleacher.com .
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 (Nasdaq: XFML), 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.
Safe Harbor Statement
This announcement contains forward-looking statements that involve a
number of risks and uncertainties. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident" and similar
statements. A number of factors could cause actual results, performance,
achievements of the Company or outcome of the matters discussed herein to
differ materially from any future results, performance or achievements
expressed or implied by these forward-looking statements.
Potential risks and uncertainties include, but are not limited to, risks
outlined in XFL's filings with the Tokyo Stock Exchange, including its
Securities Report (Yuho) for 2006. All information provided in this press
release is as of the date hereof, and XFL undertakes no duty to update such
information, except as required under applicable law.
For more information, please contact:

Media Contact
Joy Tsang
Tel: +86-21-6113-5999; +86-136-2179-1577
Email: joy.tsang@xinhuafinance.com

IR Contact
Jennifer Chan Lyman
Tel: +86-21-6113-5960
Email: jennifer.lyman@xinhuafinance.com

SOURCE Xinhua Finance Limited

Media contact Joy Tsang at +86-21-6113-5999, +86-136-2179-1577 or
joy.tsang@xinhuafinance.com ; IR contact Jennifer Chan Lyman at +86-21-
6113-5960 or jennifer.lyman@xinhuafinance.com