Bona Launches RMB 1 Billion Film Fund to Finance Future Theatrical and Non-Theatrical Productions

Bona Launches RMB 1 Billion Film Fund to Finance Future Theatrical and
Non-Theatrical Productions

       Fund Established Through Partnership With Sequoia China and Noah

Expected to be China's First Fund Dedicated Exclusively to Film and Television

BEIJING, Aug. 29, 2013 (GLOBE NEWSWIRE) -- Bona Film Group Limited ("Bona" or
the "Company") (Nasdaq:BONA), a leading film distributor and vertically
integrated film company in China, today announced that it has launched Wuhu
Bona Jinyu Film Investment Center (the "Fund"), an RMB 1.0 billion
(approximately US$163.4 million) fund that will finance the development and
production of Bona's film and TV projects over the next two years.

The fund is established and managed by Wuhu Bona Film Investment Management
Limited, a newly formed limited liability company whose shareholders include
Bona, Sequoia Capital Investment Advisory (Tianjin) LLC ("Sequoia") and Gopher
Asset Management Co., Ltd. ("Gopher"), a division of Noah Holdings Limited
(NYSE:NOAH). Bona holds an equity stake in the Fund of approximately 30%,
representing the commitment of investment rights in current and future
projects, with approximately 70% of the Fund owned by outside investors.

"We are extremely proud to be a part of the Fund, which is the first of its
kind in the history of Chinese film and a significant milestone not only for
Bona, but for our industry. Investor reaction to this concept during the
fundraising process has been extremely positive, and resulted in the Fund not
only meeting its target investment level, but a sizable oversubscription. The
enthusiasm we have seen from seasoned investment professionals speaks to the
value of the Bona name in the industry, as well as the strength of our film
pipeline and our position as one of China's leading non state-owned film
companies. We believe that there is a significant unmet demand for vehicles
such as the Fund, which will allow investors to participate more directly in
the growth of China's burgeoning film industry, and we plan to explore
opportunities to further develop additional financing entities following the
launch of the Fund," said Bona's founder, Chairman and CEO, Mr. Yu Dong.
"Chinese cinema is in the midst of a period of tremendous growth, with total
box office revenues in the first half of 2013 increasing 35% over the same
period of last year. With rapid growth in theaters nationwide as a result of
the ongoing urbanization movement and increasing availability of disposable
income associated with the rise of China's middle class, we believe that China
is poised to build upon its recently attained status as the world's second
largest film market in the coming years. This new fund will help Bona further
expand its competitive advantages in film investment and production as we
continue to strengthen our capabilities in the areas of distribution and

Mr. Yu added, "The launch of this Fund is expected to provide substantial
benefits for Bona, as it will greatly enhance our production capacity,
enabling us to bring not only more, but higher quality film and television
projects to audiences in China and abroad. It will significantly reduce the
challenges and risks associated with individual project financing, allowing us
to more effectively plan the timing of future releases and shorten the
pre-production process, while maintaining creative control over our films and
TV series and giving us the opportunity to meaningfully increase our
production market share. Moreover, the investment and production financing
provided by the Fund will enable us to devote our internal capital resources
to the Company's other growth engines such as the expansion of our theater
network and ongoing enhancement of our film distribution capabilities. We
believe that the Chinese film industry is at a critical point in its
evolution, and the benefits of participating in the Fund will help bring us
closer to our goal of becoming China's largest non state-owned film producer,
distributor and exhibitor while leading the continued advancement of the
industry and creating incremental shareholder value."

Projects financed by the Fund are expected to include theatrical releases and
television series, and will include both Bona-produced films as well as films
developed through co-production agreements such as those previously announced
with Fox International Productions, Universal Pictures and Working Title
Films. Where applicable, Bona will distribute all films in which the Fund
invests, domestically and internationally. Proceeds from the Fund will be
distributed to investors based on their initial investment in the Fund, as
well as the Fund's internal rate of return.

The Fund expects to provide financing for such highly anticipated films as
Tracks in the Snowy Forest, The Third Master's Sword and Moscow Mission, the
first project under Bona's previously announced co-production agreement with
Fox International Productions.

About Bona Film Group Limited

Bona Film Group Limited (Nasdaq:BONA) is a leading film distributor in China,
with an integrated business model encompassing film distribution, film
production, film exhibition and talent representation. Bona distributes films
to Greater China, Korea, Southeast Asia, the United States and Europe, invests
and produces movies in a variety of genres, owns and operates twenty movie
theaters and manages a range of talented and popular Chinese artists.

For more information about Bona, please visit

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Forward Looking Statements

This news release may contain certain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. All statements other than statements of historical fact in
this press release are forward-looking statements and involve certain risks
and uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. These forward-looking statements are
based on management's current expectations, assumptions, estimates and
projections about the Company and the industry in which the Company operates,
but involve a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's filings with the
U.S. Securities and Exchange Commission. The Company undertakes no obligation
to update forward-looking statements to reflect subsequent occurring events or
circumstances, or changes in its expectations, except as may be required by
law. Although the Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and actual results may differ
materially from the anticipated results. You are urged to consider these
factors carefully in evaluating the forward-looking statements contained
herein and are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by these cautionary

CONTACT: In China:
         Ms. Lingzi Gui
         Bona Film Group Limited
         Tel: +86-10-5631-0700*398
         In the U.S.:
         The Piacente Group, Inc.
         Investor Relations
         Lee Roth
         Tel: (212) 481-2050

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