SHANGHAI, China, February 19, 2005 – SINA Corporation (Nasdaq: SINA), a leading online media company and value-added information service provider for China and global Chinese communities, has been informed that Shanda Interactive Entertainment Limited (Nasdaq: SNDA) and certain related persons and entities have filed a Schedule 13D with the United States Securities and Exchange Commission which indicates that they beneficially own 19.5% of SINA’s outstanding common stock, through open market purchases.

　　The only action reported in the filing is the purchase of shares, which has no direct effect on the company or its business and operations and does not require any action on the part of the company's shareholders. SINA's Board of Directors, consistent with its duties to shareholders, will review the filing and continue to act in the best interests of all of the company's stakeholders, including shareholders, employees and customers.

　　About SINA

　　SINA Corporation (Nasdaq: SINA) is a leading online media company and value-added information service (VAS) provider for China and for global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, SINA provides services through five major business lines including SINA.com (online news and content), SINA Mobile (mobile value-added services), SINA Online (community-based services and games), SINA.net (search and enterprise services) and SINA E-Commerce (online shopping and travel). Together these provide an array of services including region-focused online portals, mobile value-added services, search and directory, interest-based and community-building channels, free and premium email, online games, virtual ISP, classified listings, fee-based services, e-commerce and enterprise e-solutions.

　　Safe Harbor Statement

　　This announcement contains forward-looking statements concerning SINA’s expected financial performance, as well as SINA’s strategic and operational plans. SINA may also make written or oral forward-looking statements in our periodic reports to the Securities and Exchange Commission on forms 10-K, 10-Q, 8-K, etc., in its annual report to shareholders, in its proxy statements, in its offering circulars and prospectuses, 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 our beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, SINA’s historical losses, its limited operating history, the uncertain regulatory landscape in the People's Republic of China, the effect of the notice issued by SARFT in late January 2005 on the Company’s revenues from usage-based SMS products promoted via direct advertisement on radio and television, the Company’s ability to develop and market other usage-based SMS products, fluctuations in quarterly operating results, the Company's reliance on mobile value-added service and online advertising sales for a majority of its revenues, the Company’s reliance on mobile operators in China to provide mobile value-added service, the changes in January 2005 by China Mobile to its billing process for undelivered MMS services and the effect of such changes on the Company’s MMS revenues, the migration by China Mobile of MMS onto MISC platform and the effect of such migration on the Company’s MMS revenues, any failure to successfully develop and introduce new products and any failure to successfully integrate acquired businesses. Further information regarding these and other risks is included in SINA's Annual Report on Form 10-K for the period ended December 31, 2003 and its recent reports on Form 10-Q as well as in its other filings with the Securities and Exchange Commission.

　　Contact:

　　Brunswick Hong Kong:

　　Tim Payne: 852 6104 6266, tpayne@brunswickgroup.com

　　Ray Bashford: 852 9318 3711, rbashford@brunswickgroup.com

　　Brunswick U.S.:

　　Mike Buckley: 212 333 3810, mbuckley@brunswickgroup.com

　　Steve Lipin: 212 333 3810, slipin@brunswickgroup.com

　　Brunswick China:

　　Caroline Jinqing Cai: 86 13911207789, cjq@alliance.com.cn