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     <TITLE>CHINA MEDIA GROUP CORPORATION</TITLE>
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<FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>UNITED
STATES</B></FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>WASHINGTON,
D.C. 20549</B></FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">FORM
8-K</FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">CURRENT
REPORT</FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">PURSUANT
TO SECTION 13 OR 15(d) of the</FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">SECURITIES
EXCHANGE ACT OF 1934</FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">____________________________________</FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">Date
of Report (Date of earliest event reported): January 31, 2014</FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B><U>CHINA
MEDIA GROUP CORPORATION</U></B></FONT></P>

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<FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Exact
Name of Registrant as Specified in Charter)</FONT></P>

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    <TD STYLE="width: 38%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B><U>Texas</U></B></FONT></TD>
    <TD STYLE="width: 31%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B><U>5813</U></B></FONT></TD>
    <TD STYLE="width: 31%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B><U>75-3016844</U></B></FONT></TD></TR>
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    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(State or other jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Commission</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Identification No.)</FONT></TD></TR>
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    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
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    <TD STYLE="vertical-align: bottom; width: 66%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B><U>No.
    55 Jalan Snuker 13/28, Tadisma Business Park, </U></B><BR>
    <B><U>Section 13, 40100 Shah Alam, Selangor, Malaysia</U></B></FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B><U>n/a</U></B></FONT></TD></TR>
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    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(Zip code)</FONT></TD></TR>
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    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
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    <TD STYLE="text-align: center; vertical-align: middle"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Registrant's
    telephone number, including area code:</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Tel:
        +60355197079</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Fax:
        +60355190839</B></FONT></P></TD></TR>
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    <TD STYLE="width: 100%; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Check the appropriate
    box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of
    the following provisions:</FONT></TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">[&nbsp;&nbsp;
    ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">[&nbsp;&nbsp;
    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">[&nbsp;&nbsp;
    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))</FONT></TD></TR>
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    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">[&nbsp;&nbsp;
    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))</FONT></TD></TR>
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<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%" noShade>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Completion
of Acquisition or Disposition of Assets, Issuance of Unregistered Shares</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><BR>
<B>Item 2.01. Completion of Acquisition or Disposition of Assets. </B></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>The
Merger </B></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">As
announced in the Form 8K filed on October 29, 2013, China Media Group Corporation (&quot;CMG&quot; or the &ldquo;Company&rdquo;)
(&quot;Purchaser&quot; or &ldquo;Registrant&rdquo;) and Samata Ventures Sdn. Bhd. (&ldquo;Samata&rdquo;) and Clixster Sdn. Bhd.
(&ldquo;Clixster&rdquo;) (jointly referred to as the &quot;Vendors&quot;) entered into a conditional Sale and Purchase Agreement
(&quot;SP Agreement&quot;) for the Registrant to acquire 63.2% equity interests in Clixster Mobile Sdn. Bhd. (&ldquo;Clixster
Mobile&rdquo;) from the Vendors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">The
SP Agreement provided for the merger of Clixster Mobile with and into the Registrant (the &quot;Merger&quot;), with Clixster Mobile
surviving the Merger as our wholly owned subsidiary, upon the terms and subject to the conditions set forth in the SP Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">On
January 31, 2014, following fulfillment of all the conditions set forth in and otherwise in accordance with the terms of the SP
Agreement, this merger transaction was consummated and Clixster Mobile became a subsidiary of the Registrant. As a result of the
closing of the SP Agreement, we will now focus our business plans to pursue the mobile virtual network operator (&ldquo;MVNO&rdquo;)
business and to expand our telecommunication business unit with a focus on provision of mobile telecom services through a MVNO
platform, initially in Malaysia and then to other regions.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">The
SP Agreement includes customary representations, warranties and covenants made by us, the Vendor and Clixster Mobile as of specific
dates. The SP Agreement should not be read alone, but should instead be read in conjunction with the other information regarding
us and our business that has been, is or will be contained in, or incorporated by reference into, the Forms 10-K, Forms 10-Q,
Forms 8-K, and other documents that we file with the Securities and Exchange Commission (the &quot;SEC&quot;). The description
of the SP Agreement set forth herein is qualified in its entirety by reference to the full text of the SP Agreement, which is
filed as an Exhibit 2.1 hereto and is incorporated by reference into this Item 2.01.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Post-Merger
Company Ownership </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Upon
the closing of the SP Agreement, the Registrant issued to Samata and Clixster 5,760,898,203 shares and 4,432,711,461 shares in
the Company respectively, for a total issuance of 10,193,609,664 shares in the Company, representing approximately 90.15% in the
issued share capital of the Registrant.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">
On January 31, 2014, Samata transferred 4,301,422,970 to Clixster Sdn. Bhd. and 1,459,475,233 shares to the newly appointed directors of the Company. After the above transfers, Samata did not hold any shares in the Registrant and Clixster held a total of 8,734,134,431 shares, representing approximately 77.24% in the Registrant, becoming the new controlling shareholder of the Company.
</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Item 3.02. Unregistered Sales of Equity Securities. </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">As
more fully described in Item 2.01 above, on January 31, 2014, we issued a total of 10,193,609,664 shares of our common stock to
the Vendors. Reference is made to the disclosures set forth under Item 2.01 of this Form 8-K, which disclosures are incorporated
herein by reference.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">The
issuance of the common stock to the Vendors pursuant to the SP Agreement was exempt from registration in reliance upon Regulation
D and/or Regulation S of the Securities Act as the investors are &quot;accredited investors,&quot; as such term is defined in
Rule 501(a) under the Securities Act and in offshore transactions (as defined in Rule 902 under Regulation S of the Securities
Act), such determination based upon representations made by such investors.</FONT>
</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Item
5.01. Changes in Control of Registrant. </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">
As more fully described in Item 2.01 above, incorporated herein by reference, on January 31, 2014, we closed the SP Agreement and as a result of the issuance of 10,193,609,664 shares and subsequent shares transfers, Clixster became the new controlling shareholders, holding a total of 8,734,134,431 shares representing approximately 77.24% of the issued share capital of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">
<B>Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers. </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">In
connection with the closing of the SP Agreement and as contemplated by the SP Agreement, at the effective time of the closing
of the Agreement on January 31, 2014, the following changes to the Board were made:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 18pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Norlizah
                                         binti Zainal and Mohd Khairudin Bin Ramli resigned as directors of the Company. Mohd
                                         Mahyudin Zainal resigned as the President and Chairman of the Registrant but still remain
                                         as a Director on the Board. These departures were as contemplated by the SP Agreement
                                         and not as a result of any disagreements with the Registrant on any manner relating to
                                         the Registrant's operations, policies, or practices. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">The
                                         Board appointed Ir. Dr Megat Radzman Megat Khairuddin as Chairman and Executive Director,
                                         and Noor Azlan Khamis as Chief Executive Officer, President and Executive Director, and
                                         Andrew Hwan Lee, Azrinaz Mazhar Hakim Mazhar and Ching Chiat Kwong, now joining Mohd
                                         Mahyudin Zainal as Directors of the Registrant. The biographical details of the new executives
                                         are set out below.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">We
are not aware of any transaction relating to Ir. Dr Megat Radzman Megat Khairuddin, Noor Azlan Khamis, Andrew Hwan Lee, Azrinaz
Mazhar Hakim Mazhar or Ching Chiat Kwong which would require disclosure under Item 404(a) of Regulation S-K promulgated under
the Securities Act and that is not disclosed herein.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">The
Biographies of the new directors appointed are set out below:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Ir.
Dr Megat Radzman Megat Khairuddin, Ph.D., Executive Chairman</B><FONT STYLE="font-weight: normal"> </FONT></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif">Megat
Radzman, aged 47, is an Engineer by training, a graduate of University of British Columbia, Vancouver, Canada with a Degree in
Electronics Engineering specializing in Data Communication. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif">Megat
Radzman is a serial entrepreneur with a penchant interest in technology. He had successfully created several ventures over the
last 15 years, most notably when he co-founded the largest mobile-phone manufacturer and supplier in Malaysia with offices in
Singapore, Indonesia, Bangladesh and China. His profound understandings of the mobile consumer market and astute business skills
led his venture to become the largest mobile phones distribution network in Malaysia with over 4000 authorized distributors, resellers
and specialized mobile retail stores nationwide, and over 17 distributors in countries within the region.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif">He
began his career as a Consultant &amp; Business Partner for Siemens &amp; Ericsson and subsequently for the Hungarian Telecommunication
Association. He then worked as Designer &amp; Technical Consultant for RISTI (R&amp;D division of PT Telekom, Indonesia based
in Bandung).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif">He
left to set-up and build CSL Group of Companies, the largest mobile-phone manufacturer and supplier in Malaysia with businesses
in Singapore, Indonesia, Bangladesh and China. He served as the Vice Chairman of CSL and consequently departed from the Group
after the CSL brand was acquired by S i2i Limited (formerly known as Spice i2i Limited), one of the largest Mobile Internet companies
in ASEAN region which is headquatered in Singapore.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: normal 11pt Times New Roman, Times, Serif">Megat
Radzman received his doctorate in International Marketing from National University of Malaysia in 2010.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Noor
Azlan Khamis as Chief Executive Officer, President and Executive Director</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Noor
Azlan, aged 41, holds an MBA in Strategic Marketing from Maastricht School of Management (Holland) with 15 years of technology
and marketing experience in both enterprise and service provider networking.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">He
began his career with Asia Connect (1994) under the STI group of companies which was one of the first Internet companies in South
East Asia that provided such services as email addresses, domain name registration and even streaming internet radio broadcasts.
From October 2007 until May 2010 he led the turnaround exercise for Konsortium Multimedia Swasta Sdn Bhd (KOMMS) as its Director
of Business Development and Strategic Planning.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">He
was later appointed as the Chief Executive Officer at Myputralink Group of Companies, a Wireless solution provider and data networking
systems company which is part of Zenith Capital Sdn Bhd, a company linked to Oilcorp Berhad.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Noor
Azlan was also involved with Medical Online Sdn Bhd during the introduction of MSC 7 flagship in the end-90s, where he was responsible
for Strategic Planning and Marketing of Malaysian Telehealth Project. Subsequently, Azlan led an initiative to deploy private
sector telemedicine project with Malaysian Medical Association and Association of Private Hospital of Malaysian under Open Net
System Inc. Noor Azlan was also the co-founder of Giro Mobile Payment Sdn Bhd, whose principal activities were in the telecommunications,
ICT and its related business services.</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"></FONT></P>

<HR ALIGN="CENTER" COLOR="black" SIZE="1" WIDTH="100%" NOSHADE STYLE="page-break-after: always">
</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Andrew Hwan Lee, Non-Executive Director</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">
Andrew Hwan Lee, aged 52, is a Korean American with an extensive international work experience. Soon after completing his studies, he joined the International Computer Consulting (ICC) Corp before joining the Clinton-Gore Presidential Campaign team in Washington DC for 13 months as the System Manager, responsible for data communications and as such tasked with designing the LAN and WAN infrastructure to support the presidential campaign and its subsequent testing and implementation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">He
later joined Hughes Communication under the National Rural Telecommunication Co-operative as the Head of Billing where he was
responsible for the selection, specification, development, implementation and operations of the Billing System.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">He
was later recruited as the Chief Information Officer of MEASAT Broadcast Network Systems Malaysia, which form a part of the core
team from Hughes Communication that was assigned to set up and operate the first satellite TV service. Operating under the brand
ASTRO, it is an integrated electronic media enterprise offering wide-range of multimedia broadcasting services and one of the
largest broadcasting companies in Asia, offering 100 television and 8 radio channels in digital format. Appointed as the Chief
Information Officer of Astro All Asia Broadcast where he played a key role in setting the operation provider in the region.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Subsequently,
Andrew was appointed as the Group CEO of DataOne, a wholly owned subsidiary of KEPPEL T&amp;T, that built and operated world class
Internet Data Center in Singapore, Malaysia, Philippines and Thailand, managing an operating budget of over S$500 million.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Presently,
he is the Chief Strategy Officer of HUB Technologies SB, a fire prevention solution company. Its product Aerohub is known as the
only organic aerosol fire extinguish solution in the world and recognized by the Government of Malaysia as the National Product.
HUB Technologies was awarded a Central Contract from the Ministry of Finance of Malaysia worth RM 2 Billion.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">
Mr. Lee studied computer engineering at University of Missouri in 1985.</FONT></P>

<HR ALIGN="CENTER" COLOR="black" SIZE="1" WIDTH="100%" NOSHADE STYLE="page-break-after: always">

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 0cm; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Azrinaz
Mazhar Hakim Mazhar, Non-Executive Director</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif; background-color: white">Azrinaz
Mazhar, aged 35, started work as a broadcast journalist with Malaysia&rsquo;s number one private television station TV3 in 1997.
She was a graduate from Malaysia Institute of Integrative Media (MIIM) in broadcasting and appeared on TV3&rsquo;s Buletin Pagi,
Berita Terkini and Bulletin 1.30 news segments. She won several accolades throughout her career with TV3 including TV3&rsquo;s
&quot;Most Promising Journalist&quot; award in 2000 and received the MIIM Alumni Award in 2002. During her broadcasting stints,
she completed numerous assignments including covering several government and business conferences, as well as interviewing world
government leaders and business personalities. She left the TV station in May 2005 to venture into other undertakings. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif; background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif; background-color: white">
Azrinaz, who is the former wife of the Sultan of Brunei, is also active in social and community work and currently the Patron of the Drug Free Youths Association of Malaysia, an NGO that promotes 'tobacco-alcohol-drug' free lifestyle amongst the youths. She also sits on the board of directors of BACA, an NGO that promotes literacy among the rural communities. Previously, she was the Patron of the Brunei Breast Cancer Awareness Association for three years.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Ching
Chiat Kwong, Non-Executive Director</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Mr.
Ching Chiat Kwong, aged 49, is the Executive Chairman and CEO of Oxley Holdings Limited, a company listed on the Singapore Stock
Exchange (&ldquo;SGX&rdquo;). He is responsible for the overall performance as well as for the formulation of corporate strategies,
and the future direction of the Oxley Group.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Mr.
Ching also serves as a Non-Executive Director of Artivision Technologies Ltd, a SGX Catalist-listed company and NewSat Limited,
a company listed on the Australia Stock Exchange (&ldquo;ASX&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Mr.
Ching possesses more than 15 years of industry experience. Prior to establishing the Oxley Group, he invested in, developed and
successfully launched 13 residential property projects in various parts of Singapore. His ability to identify market trends and
business opportunities has enabled him to chart the course for the Oxley Group&rsquo;s expansion towards the development of industrial
and commercial projects in addition to residential properties. Under Mr. Ching&rsquo;s leadership, the Oxley Group completed its
initial public offering (IPO) on the SGX Catalist in October 2010. Oxley&rsquo;s IPO was then the largest offering ever made on
SGX Catalist.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Apart
from his commitments at Oxley, Mr. Ching is also an active supporter of programmes that benefit the elderly and socially disadvantaged.
Mr. Ching graduated with a Bachelor of Arts degree and a Bachelor of Social Sciences (Hons) degree from the National University
of Singapore in 1989 and 1990, respectively.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">The
Registrant is not aware of any family relationships between and amongst any of the directors.</FONT></P>

<HR ALIGN="CENTER" COLOR="black" SIZE="1" WIDTH="100%" NOSHADE STYLE="page-break-after: always">
</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 16%; font-size: 10pt; text-align: left"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Exhibit
    Number</B></FONT></TD>
    <TD STYLE="width: 84%; font-size: 10pt; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>Description
    of Exhibit</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">2.1</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Sale and Purchase
    Agreement between China Media Group Corporation, Samata Ventures Sdn. Bhd., Clixster Sdn. Bhd which is incorporated by reference
    to our Current Report on Form 8-K as filed with the SEC on October 29, 2013.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Pursuant
    to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report
    to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Date:
        February 5, 2014</FONT></P></TD>
    <TD STYLE="width: 66%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">CHINA
        MEDIA GROUP CORPORATION</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">By:<I> /s/ MOHD MAHYUDIN
    ZAINAL</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">---------------------------------</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Name: MOHD MAHYUDIN
    ZAINAL</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Title: Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "r8k-020614cmg.htm", "description": "FORM 8K", "secsgml_size_bytes": 45483}]
{"company-data": {"conformed-name": "China Media Group CORP", "cik": "0001211211", "assigned-sic": "7310", "irs-number": "320034926", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50431", "film-number": "14578093"}, "business-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230", "phone": "01186755 61657704"}, "mail-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230"}, "former-company": {"former-conformed-name": "DELIGHTFULLY FROZEN CORP", "date-changed": "20021219"}}
CHINA MEDIA GROUP CORPORATION
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
____________________________________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) of the
SECURITIES
EXCHANGE ACT OF 1934
____________________________________
Date
of Report (Date of earliest event reported): January 31, 2014
CHINA
MEDIA GROUP CORPORATION
(Exact
Name of Registrant as Specified in Charter)
Texas
5813
75-3016844
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
No.
    55 Jalan Snuker 13/28, Tadisma Business Park,
Section 13, 40100 Shah Alam, Selangor, Malaysia
n/a
(Address of principal executive offices)
(Zip code)
Registrant's
    telephone number, including area code:
Tel:
        +60355197079
Fax:
        +60355190839
Check the appropriate
    box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of
    the following provisions:
[  
    ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  
    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  
    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
[  
    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
Completion
of Acquisition or Disposition of Assets, Issuance of Unregistered Shares
Item 2.01. Completion of Acquisition or Disposition of Assets.
The
Merger
As
announced in the Form 8K filed on October 29, 2013, China Media Group Corporation ("CMG" or the "Company")
("Purchaser" or "Registrant") and Samata Ventures Sdn. Bhd. ("Samata") and Clixster Sdn. Bhd.
("Clixster") (jointly referred to as the "Vendors") entered into a conditional Sale and Purchase Agreement
("SP Agreement") for the Registrant to acquire 63.2% equity interests in Clixster Mobile Sdn. Bhd. ("Clixster
Mobile") from the Vendors.
The
SP Agreement provided for the merger of Clixster Mobile with and into the Registrant (the "Merger"), with Clixster Mobile
surviving the Merger as our wholly owned subsidiary, upon the terms and subject to the conditions set forth in the SP Agreement.
On
January 31, 2014, following fulfillment of all the conditions set forth in and otherwise in accordance with the terms of the SP
Agreement, this merger transaction was consummated and Clixster Mobile became a subsidiary of the Registrant. As a result of the
closing of the SP Agreement, we will now focus our business plans to pursue the mobile virtual network operator ("MVNO")
business and to expand our telecommunication business unit with a focus on provision of mobile telecom services through a MVNO
platform, initially in Malaysia and then to other regions.
The
SP Agreement includes customary representations, warranties and covenants made by us, the Vendor and Clixster Mobile as of specific
dates. The SP Agreement should not be read alone, but should instead be read in conjunction with the other information regarding
us and our business that has been, is or will be contained in, or incorporated by reference into, the Forms 10-K, Forms 10-Q,
Forms 8-K, and other documents that we file with the Securities and Exchange Commission (the "SEC"). The description
of the SP Agreement set forth herein is qualified in its entirety by reference to the full text of the SP Agreement, which is
filed as an Exhibit 2.1 hereto and is incorporated by reference into this Item 2.01.
Post-Merger
Company Ownership
Upon
the closing of the SP Agreement, the Registrant issued to Samata and Clixster 5,760,898,203 shares and 4,432,711,461 shares in
the Company respectively, for a total issuance of 10,193,609,664 shares in the Company, representing approximately 90.15% in the
issued share capital of the Registrant.
On January 31, 2014, Samata transferred 4,301,422,970 to Clixster Sdn. Bhd. and 1,459,475,233 shares to the newly appointed directors of the Company. After the above transfers, Samata did not hold any shares in the Registrant and Clixster held a total of 8,734,134,431 shares, representing approximately 77.24% in the Registrant, becoming the new controlling shareholder of the Company.
Item 3.02. Unregistered Sales of Equity Securities.
As
more fully described in Item 2.01 above, on January 31, 2014, we issued a total of 10,193,609,664 shares of our common stock to
the Vendors. Reference is made to the disclosures set forth under Item 2.01 of this Form 8-K, which disclosures are incorporated
herein by reference.
The
issuance of the common stock to the Vendors pursuant to the SP Agreement was exempt from registration in reliance upon Regulation
D and/or Regulation S of the Securities Act as the investors are "accredited investors," as such term is defined in
Rule 501(a) under the Securities Act and in offshore transactions (as defined in Rule 902 under Regulation S of the Securities
Act), such determination based upon representations made by such investors.
Item
5.01. Changes in Control of Registrant.
As more fully described in Item 2.01 above, incorporated herein by reference, on January 31, 2014, we closed the SP Agreement and as a result of the issuance of 10,193,609,664 shares and subsequent shares transfers, Clixster became the new controlling shareholders, holding a total of 8,734,134,431 shares representing approximately 77.24% of the issued share capital of the Company.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
In
connection with the closing of the SP Agreement and as contemplated by the SP Agreement, at the effective time of the closing
of the Agreement on January 31, 2014, the following changes to the Board were made:
(i)
Norlizah
                                         binti Zainal and Mohd Khairudin Bin Ramli resigned as directors of the Company. Mohd
                                         Mahyudin Zainal resigned as the President and Chairman of the Registrant but still remain
                                         as a Director on the Board. These departures were as contemplated by the SP Agreement
                                         and not as a result of any disagreements with the Registrant on any manner relating to
                                         the Registrant's operations, policies, or practices.
(ii)
The
                                         Board appointed Ir. Dr Megat Radzman Megat Khairuddin as Chairman and Executive Director,
                                         and Noor Azlan Khamis as Chief Executive Officer, President and Executive Director, and
                                         Andrew Hwan Lee, Azrinaz Mazhar Hakim Mazhar and Ching Chiat Kwong, now joining Mohd
                                         Mahyudin Zainal as Directors of the Registrant. The biographical details of the new executives
                                         are set out below.
We
are not aware of any transaction relating to Ir. Dr Megat Radzman Megat Khairuddin, Noor Azlan Khamis, Andrew Hwan Lee, Azrinaz
Mazhar Hakim Mazhar or Ching Chiat Kwong which would require disclosure under Item 404(a) of Regulation S-K promulgated under
the Securities Act and that is not disclosed herein.
The
Biographies of the new directors appointed are set out below:
Ir.
Dr Megat Radzman Megat Khairuddin, Ph.D., Executive Chairman
Megat
Radzman, aged 47, is an Engineer by training, a graduate of University of British Columbia, Vancouver, Canada with a Degree in
Electronics Engineering specializing in Data Communication.
Megat
Radzman is a serial entrepreneur with a penchant interest in technology. He had successfully created several ventures over the
last 15 years, most notably when he co-founded the largest mobile-phone manufacturer and supplier in Malaysia with offices in
Singapore, Indonesia, Bangladesh and China. His profound understandings of the mobile consumer market and astute business skills
led his venture to become the largest mobile phones distribution network in Malaysia with over 4000 authorized distributors, resellers
and specialized mobile retail stores nationwide, and over 17 distributors in countries within the region.
He
began his career as a Consultant & Business Partner for Siemens & Ericsson and subsequently for the Hungarian Telecommunication
Association. He then worked as Designer & Technical Consultant for RISTI (R&D division of PT Telekom, Indonesia based
in Bandung).
He
left to set-up and build CSL Group of Companies, the largest mobile-phone manufacturer and supplier in Malaysia with businesses
in Singapore, Indonesia, Bangladesh and China. He served as the Vice Chairman of CSL and consequently departed from the Group
after the CSL brand was acquired by S i2i Limited (formerly known as Spice i2i Limited), one of the largest Mobile Internet companies
in ASEAN region which is headquatered in Singapore.
Megat
Radzman received his doctorate in International Marketing from National University of Malaysia in 2010.
Noor
Azlan Khamis as Chief Executive Officer, President and Executive Director
Noor
Azlan, aged 41, holds an MBA in Strategic Marketing from Maastricht School of Management (Holland) with 15 years of technology
and marketing experience in both enterprise and service provider networking.
He
began his career with Asia Connect (1994) under the STI group of companies which was one of the first Internet companies in South
East Asia that provided such services as email addresses, domain name registration and even streaming internet radio broadcasts.
From October 2007 until May 2010 he led the turnaround exercise for Konsortium Multimedia Swasta Sdn Bhd (KOMMS) as its Director
of Business Development and Strategic Planning.
He
was later appointed as the Chief Executive Officer at Myputralink Group of Companies, a Wireless solution provider and data networking
systems company which is part of Zenith Capital Sdn Bhd, a company linked to Oilcorp Berhad.
Noor
Azlan was also involved with Medical Online Sdn Bhd during the introduction of MSC 7 flagship in the end-90s, where he was responsible
for Strategic Planning and Marketing of Malaysian Telehealth Project. Subsequently, Azlan led an initiative to deploy private
sector telemedicine project with Malaysian Medical Association and Association of Private Hospital of Malaysian under Open Net
System Inc. Noor Azlan was also the co-founder of Giro Mobile Payment Sdn Bhd, whose principal activities were in the telecommunications,
ICT and its related business services.
Andrew Hwan Lee, Non-Executive Director
Andrew Hwan Lee, aged 52, is a Korean American with an extensive international work experience. Soon after completing his studies, he joined the International Computer Consulting (ICC) Corp before joining the Clinton-Gore Presidential Campaign team in Washington DC for 13 months as the System Manager, responsible for data communications and as such tasked with designing the LAN and WAN infrastructure to support the presidential campaign and its subsequent testing and implementation.
He
later joined Hughes Communication under the National Rural Telecommunication Co-operative as the Head of Billing where he was
responsible for the selection, specification, development, implementation and operations of the Billing System.
He
was later recruited as the Chief Information Officer of MEASAT Broadcast Network Systems Malaysia, which form a part of the core
team from Hughes Communication that was assigned to set up and operate the first satellite TV service. Operating under the brand
ASTRO, it is an integrated electronic media enterprise offering wide-range of multimedia broadcasting services and one of the
largest broadcasting companies in Asia, offering 100 television and 8 radio channels in digital format. Appointed as the Chief
Information Officer of Astro All Asia Broadcast where he played a key role in setting the operation provider in the region.
Subsequently,
Andrew was appointed as the Group CEO of DataOne, a wholly owned subsidiary of KEPPEL T&T, that built and operated world class
Internet Data Center in Singapore, Malaysia, Philippines and Thailand, managing an operating budget of over S$500 million.
Presently,
he is the Chief Strategy Officer of HUB Technologies SB, a fire prevention solution company. Its product Aerohub is known as the
only organic aerosol fire extinguish solution in the world and recognized by the Government of Malaysia as the National Product.
HUB Technologies was awarded a Central Contract from the Ministry of Finance of Malaysia worth RM 2 Billion.
Mr. Lee studied computer engineering at University of Missouri in 1985.
Azrinaz
Mazhar Hakim Mazhar, Non-Executive Director
Azrinaz
Mazhar, aged 35, started work as a broadcast journalist with Malaysia's number one private television station TV3 in 1997.
She was a graduate from Malaysia Institute of Integrative Media (MIIM) in broadcasting and appeared on TV3's Buletin Pagi,
Berita Terkini and Bulletin 1.30 news segments. She won several accolades throughout her career with TV3 including TV3's
"Most Promising Journalist" award in 2000 and received the MIIM Alumni Award in 2002. During her broadcasting stints,
she completed numerous assignments including covering several government and business conferences, as well as interviewing world
government leaders and business personalities. She left the TV station in May 2005 to venture into other undertakings.
Azrinaz, who is the former wife of the Sultan of Brunei, is also active in social and community work and currently the Patron of the Drug Free Youths Association of Malaysia, an NGO that promotes 'tobacco-alcohol-drug' free lifestyle amongst the youths. She also sits on the board of directors of BACA, an NGO that promotes literacy among the rural communities. Previously, she was the Patron of the Brunei Breast Cancer Awareness Association for three years.
Ching
Chiat Kwong, Non-Executive Director
Mr.
Ching Chiat Kwong, aged 49, is the Executive Chairman and CEO of Oxley Holdings Limited, a company listed on the Singapore Stock
Exchange ("SGX"). He is responsible for the overall performance as well as for the formulation of corporate strategies,
and the future direction of the Oxley Group.
Mr.
Ching also serves as a Non-Executive Director of Artivision Technologies Ltd, a SGX Catalist-listed company and NewSat Limited,
a company listed on the Australia Stock Exchange ("ASX").
Mr.
Ching possesses more than 15 years of industry experience. Prior to establishing the Oxley Group, he invested in, developed and
successfully launched 13 residential property projects in various parts of Singapore. His ability to identify market trends and
business opportunities has enabled him to chart the course for the Oxley Group's expansion towards the development of industrial
and commercial projects in addition to residential properties. Under Mr. Ching's leadership, the Oxley Group completed its
initial public offering (IPO) on the SGX Catalist in October 2010. Oxley's IPO was then the largest offering ever made on
SGX Catalist.
Apart
from his commitments at Oxley, Mr. Ching is also an active supporter of programmes that benefit the elderly and socially disadvantaged.
Mr. Ching graduated with a Bachelor of Arts degree and a Bachelor of Social Sciences (Hons) degree from the National University
of Singapore in 1989 and 1990, respectively.
The
Registrant is not aware of any family relationships between and amongst any of the directors.
Exhibit
    Number
Description
    of Exhibit
2.1
Sale and Purchase
    Agreement between China Media Group Corporation, Samata Ventures Sdn. Bhd., Clixster Sdn. Bhd which is incorporated by reference
    to our Current Report on Form 8-K as filed with the SEC on October 29, 2013.
SIGNATURES
Pursuant
    to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report
    to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
        February 5, 2014
CHINA
        MEDIA GROUP CORPORATION
By:
/s/ MOHD MAHYUDIN
    ZAINAL
---------------------------------
Name: MOHD MAHYUDIN
    ZAINAL
Title: Director