APT Corporation

Hong Kong, 20 September 2009 - APT Satellite Holdings Limited (together with its subsidiaries collectively known as the "Group") (HKEx stock code: 1045), a provider of high-quality satellite transponder, telecommunications and broadcasting services in Asia Pacific, announced its unaudited interim results for the six months ended 30 June 2009 (the "Period").

The Group's turnover for the Period amounted to HK$229,519,000 (2008: HK$197,987,000). Profit attributable to equity shareholders rose 6.7 times year-on-year to reach HK$52,814,000 (2008: HK$6,882,000). Basic earnings per share was HK 12.78 cents (2008: HK1.67 cents). In view of the need of capital for new satellite development, the board of directors of the Company has resolved not to declare any payment of interim dividend for the six months ended 30 June 2009 (2008: Nil).

Mr. Cheng Guangren, Executive Director and President of the Group, said, "I am very pleased with the good operating results that the Group achieved for the first half of 2009. Although during the Period the Group was still affected by the global financial crisis and fierce market competition in the Asia Pacific region, particularly the China market, the Group has successfully entered into new markets and expanded its customer base, thereby increasing the utilization rates of its satellites APSTAR 5 and APSTAR 6 compared to the same period last year. Meanwhile, for APSTAR 2R, the Group now takes back the 43 transponders which it has previously transferred to Telesat Canada and as a result, the Group's income is expected to expand in the future."

APSTAR 6, based on the SB4100C1 model, started commercial operation in June 2005, is equipped with 38 C-band transponders and 12 Ku-band transponders. As at 30 June 2009, its utilization was 70.25%, representing an increase of approximately 17.25 percentage-points as compared to the same period last year.

APSTAR 5, based on the FS1300 model, started commercial operation in August 2004. As at 30 June 2009, the Group held interests in 21 C-band transponders and 10 Ku-band transponders, and the utilization rate was 80.6%, representing an increase of approximately 13.2 percentage-points as compared to the same period last year.

As to APSTAR 2R, it was constructed on the FS1300 model and launched in October 1999, and contains 28 C-band transponders and 16 Ku-band transponders. Telesat Canada and Telesat Asia Pacific Satellite (HK) Limited (collectively "Telesat") signed a lease termination agreement with APT Satellite Company Limited ("APT-HK"), a wholly-owned subsidiary of the Group, whereby Telesat's leasehold interests in 43 transponders were terminated and the relevant transponders' customer contracts were assigned to APT-HK.

Mr Cheng said, " The Group has taken back the 43 transponders in APSTAR 2R and will gain income from the existing customer contracts. As a result, the Group's revenue is expected to increase in the future. Furthermore, the Group is also planning the development of the new satellite, APSTAR 7, to replace APSTAR 2R."

The Group provides satellite TV uplink and broadcasting services through APT Satellite TV Development Limited ("APT TV"), a wholly-owned subsidiary of the Group, and has successfully established a satellite TV broadcasting platform to provide broadcasting and uplink services under the Satellite TV Uplink and Downlink License. As at 30 June 2009, APT TV uplinked and broadcasted up to 93 satellite TV channels for broadcasters in the Asia Pacific region, representing an increase of approximately 6.9% as compared to the end of 2008.

APT Telecom Services Limited, a wholly-owned subsidiary of the Group, provides satellite-based external telecommunication services such as VSAT, facilities management services and teleport uplink services to telecommunications operators and satellite operators in the region.

Looking ahead, Mr. Cheng commented, "The demand for transponder services have grown steadily in the first half of 2009. The Group will leverage the growth potential arising from APSTAR 2R and will further grow the utilizations of APSTAR 5 and APSTAR 6, with a view to increasing the Group's profits and return on investment. Meanwhile, the Group will roll out as soon as possible the new satellite plan of APSTAR 7, which will replace APSTAR 2R in 2012, so as to continue the Group's business growth in future."

APT SATELLITE HOLDINGS LIMITED (the "Group") is listed on The Stock Exchange of Hong Kong Limited. Having started its operation in 1992, the Group provides high-quality services in satellite transponders, satellite communications and broadcasting services for the broadcasting and telecommunications sectors in Asia Pacific, Europe and the United States. The Group currently operates the APSTAR system, including APSTAR 5, APSTAR 6, and APSTAR 2R, through its own Satellite Control Center in Tai Po, Hong Kong. In line with its business development strategies, the Group has established its satellite TV broadcasting platform. Together with its satellite telecommunications services and data center services, the Group provides reliable "one-stop" satellite broadcasting services and telecommunications services to customers. The Group endeavors to leverage its competitive advantages and high quality services for market expansion and business growth. For more information, please visit www.apstar.com.