China Cablecom Announces Extension to Regain Compliance with NASDAQ's Minimum Bid Price Rule

SHANGHAI, Jan. 26, 2011 /PRNewswire/ -- China Cablecom Holdings, Ltd. ("China Cablecom" or the "Company") (NASDAQ: CABL), a joint-venture provider of cable television services in the People's Republic of China ("PRC" or "China"), today announced that the NASDAQ Stock Market ("NASDAQ") has granted the Company an additional 180 days to regain compliance with NASDAQ's $1.00 minimum bid price rule under NASDAQ Marketplace Rule 5550(a)(2).

As previously announced, on July 29, 2010, China Cablecom was notified by NASDAQ that the Company did not meet the minimum bid price rule required for continued listing and was provided until January 24, 2011 to achieve compliance. Under the new rule, NASDAQ has granted the Company an additional 180 calendar day period, or until July 21, 2011, to regain compliance with the minimum bid rule. China Cablecom may achieve compliance during the 180-day period if the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of 10 consecutive business days before July 21, 2011.

About China Cablecom Holdings

China Cablecom 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 through the deployment of analog and digital cable services. China Cablecom has consummated the acquisition of a 55 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 1,200,000. The Company originally acquired operating rights of the Binzhou Broadcasting network 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 State Administration of Radio, Film and Television in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 28 cable networks with over 1.7 million paying subscribers. China Cablecom's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks in which it operates.

Safe Harbor Statement

The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company's other written and oral reports are based on current Company expectations and are subject to risks and uncertainties, which could cause actual results to differ materially. 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 herein. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements herein speak only as of the date stated herein 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. You should carefully consider these factors as well as the additional risk factors outlined in the filings that China Cablecom Holdings makes with the U.S. Securities and Exchange Commission, including the Annual Report on Form 20-F filed with respect to the year ended December 31, 2009.

www.chinacablecom.net