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China Digital TV Raises Guidance for Fourth Quarter 2013 Shipments and Revenue

China Digital TV Raises Guidance for Fourth Quarter 2013 Shipments and Revenue

PR Newswire

BEIJING, Jan. 10, 2014

BEIJING, Jan. 10, 2014 /PRNewswire/ -- China Digital TV Holding Co. Ltd.
(NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of
conditional access ("CA") systems to China's expanding digital television
market, announced today that it has raised its guidance for smart card
shipments and revenue for the fourth quarter ended December 31, 2013.

China Digital TV now expects fourth quarter 2013 smart card shipments to be in
the range of 4.8 million and 5 million exceeding the previously announced
guidance range of 3.9 million to 4.2 million given on November 19, 2013. For
the fourth quarter of 2013, China Digital TV now estimates net revenues to be
in the range of US$25 million and US$26 million, compared to previous guidance
in the range of US$17.6 million and US$18.9 million.

"Taking into account usual seasonal factors ahead of the Chinese New Year, our
fourth quarter shipment volumes were better than we expected due to stronger
smart card demand largely driven by operators in China's cable TV market,"
said Mr. Jianhua Zhu, China Digital TV's chairman and chief executive officer.

The outlook for the fourth quarter of 2013 is an estimate. Actual results are
subject to the finalized financial reports of the fourth quarter of 2013.

Safe Harbor Statements

This announcement contains 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.Such forward-looking statements
are made under the "safe harbor" provisions of 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," "may," "should" and similar expressions. Such forward-looking
statements include, without limitation, statements regarding the outlook for
the fourth quarter of 2013 and comments by management in this announcement
about trends in the CA systems, digital television, cable television and
related industries in the PRC and China Digital TV's strategic and operational
plans and future market positions. China Digital TV may also make
forward-looking statements in its periodic reports filed with the U.S.
Securities and Exchange Commission, in its annual report to shareholders, in
press releases and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that are not
historical facts, including statements about China Digital TV's beliefs and
expectations, are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from projections contained or implied in
any forward-looking statement, including but not limited to the following:
competition in the CA systems, digital television, cable television and
related industries in the PRC and the impact of such competition on prices,
our ability to implement our business strategies, changes in technology, the
progress of the television digitalization in the PRC, the structure of the
cable television industry or television viewer preferences, changes in PRC
laws, regulations or policies with respect to the CA systems, digital
television, cable television and related industries, including the extent of
non-PRC companies' participation in such industries, and changes in political,
economic, legal and social conditions in the PRC, including the government's
policies with respect to economic growth, foreign exchange and foreign
investment.

Further information regarding these and other risks and uncertainties is
included in our annual report on Form 20-F and other documents filed with the
U.S. Securities and Exchange Commission. China Digital TV does not assume any
obligation to update any forward-looking statements, which apply only as of
the date of this press release.

About China Digital TV

Founded in 2004, China Digital TV is the leading provider of CA systems to
China's expanding digital television market. CA systems enable television
network operators to manage the delivery of customized content and services to
their subscribers. China Digital TV conducts substantially all of its business
through its PRC subsidiary, Beijing Super TV Co., Ltd., and its affiliate,
Beijing Novel-Super Digital TV Technology Co., Ltd., as well as subsidiaries
of its affiliate.

For more information please visit the Investor Relations section of China
Digital TV's website at http://ir.chinadtv.cn.

For investor inquiries, please contact:

In China:

Nan Hao
Investor Relations Manager
Tel: +86-10-6297-1199 x 9780
Email: ir@chinadtv.cn

Josh Gartner
Brunswick Group
Tel: +86-10-5960-8610
Email: chinadigital@brunswickgroup.com

In the US:

Cindy Zheng
Brunswick Group
Tel: +1-212-3333810
Email: chinadigital@brunswickgroup.com

SOURCE China Digital TV Holding Co., Ltd.

Website: http://ir.chinadtv.cn