Bona Film Group Chairman Agrees to Purchase 1.5 Million Ordinary Shares at a Premium, at $5.50/ADS

Bona Film Group Limited BONA today announced that Yu Dong, its Founder, Chairman and CEO, entered into a purchase agreement with Sequoia Funds to acquire 1.5 million ordinary shares, (equivalent to 3,000,000 ADSs), of the private equity group's holdings in the Company on March 30, 2012. Mr. Yu has agreed to pay $11 per share, (equivalent to $5.50 per ADS), a premium of approximately 5.6% over the closing price of Bona ADSs on March 30, 2012. "Bona is coming off of an extremely strong 2011 in which we more than doubled revenue and grew non-GAAP net income nearly 70%. We have a clear growth strategy on which we are executing, and are poised to deliver continued strong growth in 2012 as China's film industry continues to develop. My personal purchase of these shares reflects my confidence in the soundness of our business fundamentals and my excitement about the opportunities that lie ahead. In addition, I believe this purchase indicates my belief in the potential of our Company, my commitment to its success and to increasing shareholder value," stated Mr. Yu.