X0202 3 2006-05-31 0 0000104401 CHINA MEDIA NETWORKS INTERNATIONAL INC. CMNW.OB 0001341950 Vicis Capital, LLC 126 EAST 56TH STREET TOWER 56, SUITE 700 NEW YORK NY 10022 0 0 1 0 Common Stock, $0.0001 par value per share 2300000 I By Vicis Capital Master Fund Series A Common Stock Purchase Warrant 1.25 2011-04-18 Comon Stock 2000000 I By Vicis Capital Master Fund Series B Common Stock Purchase Warrant 1.75 2011-04-18 Common Stock 2000000 I By Vicis Capital Master Fund Represents the indirect holdings of Vicis Capital LLC. All of the foregoing represents securities held directly by Vicis Capital Master Fund. Vicis Capital LLC acts as investment advisor to Vicis Capital Master Fund and therefore has voting and dispositive power over all the foregoing shares. For the purpose of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Vicis Capital LLC may be deemed to be the beneficial owner of, but hereby disclaims such beneficial ownership of, the foregoing shares. Immediately. Such warrants are subject to conversion caps that preclude the holder thereof from utilizing its exercise rights to the extent that such holder would beneficially own in excess of 4.99% of the Common Stock of the Issuer after giving effect to such exercise. Shad Stastney, Chief Operating Officer, Vicis Capital LLC 2006-06-12