TSmedia has built in subtitles support(subssupport) and no need to use external subtitle player
(thanks for mx3L for his permission to integerate subsSupport with TSmedia-subssupport project here https://code.google.com/p/mediaplayer2-for-sh4/ )
the following pictures demonstrate how to use subtitles
This guide apply only to version 7.99 and above of TSmedia
be sure the following files are already installed(if not install them from TSmedia/files
search for your movie
Play your movie
run subssupport with remote text button while playing movie
open subtitles settings and select prefered subtitle language and proper encoding
Now search for your movie subtitle
select suitable srt file(may download more than one)
use remote key left or key right to synchronize subtitles
small window in the left top of screen demonstrate the delay or advance of the subtitles in mseconds
Thanks to mfaraj57