1. Phoenix SATELLITE TELEVISION Jan – Sep 2005 Nov 2005

2. Phoenix I SATELLITE TELEVISION 2 1.This Report Covers the Three Quarters Ending September for Calendar Year 2005. 2.The Group Registers a Profit of HK$134 Million For the Period. Third Quarter Results Phoenix I SATELLITE TELEVISION

3. 3 3.Phoenix InfoNews Channel Revenue For the Period Representing 15% of Groups Total Revenue as Compared With 16% of Same Period in Previous Year. Third Quarter Results (Contd) Phoenix I SATELLITE TELEVISION

4. 4 China TV Universe Total Population:1.29 billion TV Population:360 million homes 1.26 billion people TV Penetration:96%

5. Phoenix I SATELLITE TELEVISION 5 Phoenix Chinese Channel Penetration:14.25% Homes:52.35 million People:180 million

6. Phoenix I SATELLITE TELEVISION 6 Phoenix InfoNews Channel Penetration:8.4% Homes:31 million People:100 million

7. Phoenix I SATELLITE TELEVISION 7 The Phoenix Influence –Popular Among the Higher-Income and Education Bracket –First Choice of Foreign Satellite TV Channels –Opinion Leader and Social Spokesman

8. Phoenix I SATELLITE TELEVISION 8 Audience Satisfaction Index Chart Channels Yr 05 – 1HYr 04 – 2HYr 04 – 1HYr 03 – 2H Phoenix Chinese1112 CCTV – 12221 CCTV – 53355 CCTV – 34666 Phoenix InfoNews5544 CCTV – 2611 12 Hunan Satellite TV78109 CCTV – News8987 Phoenix Movies9433 CCTV – 810 78 Source: CTR Research Report

9. Phoenix I SATELLITE TELEVISION 9 CCTV Revenues Vs Phoenix 1. Source: CCTVs website (CCTV.com) 2. Based on actual figures 3. 2005 figures not available yet

10. Phoenix I SATELLITE TELEVISION 10 Chinas Top 10 Channels (in Advertising Sales) Source: CTR Research Report (based on rate card calculations)

11. Financial Highlights Jan – Sep 2005

12. Phoenix I SATELLITE TELEVISION 12 Phoenix Group Revenues Phoenix I SATELLITE TELEVISION

13. 13 Revenues Breakdown 9 months ended 30 Sep 20049 months ended 30 Sep 2005 Revenues: HK$836.0 mnRevenues: HK$883.3 mn Phoenix I SATELLITE TELEVISION

14. 14 Top 10 Advertising Categories 2005 1 st Half Source: CTR Research Report (based on rate card calculations)

15. Phoenix I SATELLITE TELEVISION 15 Phoenix I SATELLITE TELEVISION Phoenix Channels Revenues Chinese Channel vs InfoNews Channel

16. Phoenix I SATELLITE TELEVISION 16 Group Total Operating Costs Trend Phoenix I SATELLITE TELEVISION

17. 17 Operating Costs Analysis (excl. commission ) 9 months ended 30 Sep 2004 9 months ended 30 Sep 2005 Phoenix I SATELLITE TELEVISION

18. 18 Group Net Profit / Loss Phoenix I SATELLITE TELEVISION

19. 19 Going Forward 1.Develop New Business Models for Internet-Based Operations 2.Develop and Acquire Content for New Media Businesses 3.Identify New Strategic Partners 4.Migration to Hong Kong Stock Exchange Main Board

20. Questions and Answers For further information or a copy of this presentation, please refer to www.phoenixtv.com.cn/home/English/result.html