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China Digital TV Announces Changes to Independent Directors

         China Digital TV Announces Changes to Independent Directors

PR Newswire

BEIJING, Jan. 27, 2014

BEIJING, Jan. 27, 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, today announced that Mr. Chaoyang Xia has resigned from the Company's
Board of Directors ("the Board") effective January 10, 2014. The Board and the
Nomination Committee of the Board have appointed Mr. Michael Elyakim as an
independent director of the Board to replace Mr. Xia, effective January 10,
2014.

"I would like to extend my gratitude to Mr. Xia for the valuable contributions
he has made to the development of China Digital TV during his tenure of
service and wish him well in his future endeavors," commented Jianhua Zhu,
China Digital TV's chairman and chief executive officer. "We are also pleased
to welcome Mr. Elyakim to our Board of Directors and we are confident that his
extensive investment and management experience will be a great asset to the
Board and the Company."

Mr. Elyakim has led Aurec Capital's investment and operations in China since
he joined as the director of APAC investments in 2011. Aurec Capital targets
the telecom, media, new media and mobile industries. Prior to joining Aurec
Capital, Mr. Elyakim was the co-founder and managing partner of CIG Investment
Fund, a strategic growth fund that aims to bring unique Israeli know-how and
ingenuity to the Chinese healthcare sector. In addition, Mr. Elyakim has held
senior positions in the Investment Banking sector in Israel. Mr. Elyakim holds
a LLB from the Tel-Aviv University (TAU) and a BA in economics from TAU. He is
a certified Israeli lawyer.

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.

Investor 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 U.S.:

Cindy Zheng
Brunswick Group
Tel: +1-212-333 3810
Email: chinadigital@brunswickgroup.com

SOURCE China Digital TV Holding Co., Ltd.

Website: http://ir.chinadtv.cn
 
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