J.P. Morgan Appointed Depositary Bank For Charm Communications’ Adr Program

Hong Kong, June 29, 2010 – Charm Communications Inc, a leading provider of integrated advertising agency services in China has appointed J.P. Morgan as its depositary bank for its listed American Depositary Receipt (ADR) program.

Listed on the NASDAQ under the symbol CHRM, Charm Communications raised US$ 74.22 MM through issuance of 7,812,500 American Depositary Shares, each representing two ordinary shares, in its initial public offering. Each ADR was priced at USD 9.50.

“We are extremely proud to have successfully launched our ADR program, which confirms our ongoing commitment to the U.S. investor market”, said Mr. Zhou Wei, CFO of Charm Communications. “J.P. Morgan’s depositary receipts team has been selected for its recognized leadership and expertise and remarkable professionalism.”

Kenneth Tse, Asia Pacific head of J.P. Morgan’s depositary receipts group added: “In a year of gradual economic recovery, we are delighted to be working with Charm Communications to help them achieve their strategic goals and raise their international profile in the US market.”

J.P. Morgan is committed to working closely with its clients to design and implement customised depositary receipt (‘DR’) programs to achieve their strategic goals and facilitate DR liquidity.

J.P. Morgan launched the first depositary receipt program in Asia in 1961 for Sony and serves as depositary bank for leading companies throughout the region. J.P. Morgan provides a full range of ADR and Global Depositary Receipt (‘GDR’) services to issuers seeking to have their equity traded on exchanges beyond their home markets.

For market information on depositary receipts and international equities, please visit J.P. Morgan’s awardwinning web site www.adr.com.

Download: J.P. Morgan Appointed Depositary Bank For Charm Communications’ Adr Program PDF


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