Digital Hollywood Interactive Limited — M&A Activity 2025

Nov 14, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GAME HOLLYWOOD

DIGITAL HOLLYWOOD INTERACTIVE LIMITED

遊萊互動集團有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2022)

SUPPLEMENTAL ANNOUNCEMENT OF

DISCLOSABLE TRANSACTIONS IN RELATION

TO FORMATION OF JOINT VENTURE COMPANY

Reference is made to the announcement of DIGITAL HOLLYWOOD INTERACTIVE LIMITED (the "Company", together with its subsidiaries, the "Group") dated 8 September 2025 in relation to the formation of joint venture company (the "Announcement"). Unless otherwise defined, terms used herein shall bear the same meanings as defined in the Announcement.

In addition to the information provided in the Announcement, the Company would like to provide the following additional information.

THE JV AGREEMENT

Ownership basis

The ownership structure of 80:20 is considered by the Company to be commercially balanced and reflective of the respective contributions and interests of both parties, established through arm's length negotiations.

The capital commitment of the Company was determined with reference to the deposit requirement for the purpose of participating in the cooperation with the game platform. Should the JV Parties mutually agree that the JV Company fails to achieve the anticipated business objectives and lacks development prospects, the JV Company may be dissolved with the deposit (being the capital injection of the Company of HK$22.8 million) returned to the Company accordingly. Therefore, the formation of the JV Company marks the initial step in the Company's partnership with the JV Partner, leveraging its IP Rights to enhance the Company's future earning capacity and overall growth potential.

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Reserved matters

The following reserved matters will not be decided by a simple majority of the board of directors of the JV Company:--

(i) any single item of capital expenditure exceeding HK$500,000;
(ii) the granting and/or licensing of the IP Rights to third party(ies); and
(iii) the appointment of key senior management personnel.

Such matters require the approval of a supermajority representing more than two-thirds of the board of directors of the JV Company.

LATEST DEVELOPMENT OF THE JV COMPANY

The Company intends to co-develop games based on intellectual property rights associated with Chinese action movies (武侠片) and modern romance dramas (都市爱情劇) with the JV Partner. As at the date of this announcement, the Company has proposed the injection of certain intellectual property rights by the JV Partner. Based on the Company's market research, the valuation of comparable film and drama intellectual property rights intended for game development in the PRC ranges from several million to over ten million. The Company will, upon further confirmation of the relevant IP Rights schedule, appoint an independent third-party valuer to conduct a valuation to ensure that the IP Rights contributed by the JV Partner are fairly valued.

ADDITIONAL INFORMATION ON THE JV PARTNER

To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, the JV Partner is wholly owned by The Sir Run Run Shaw Charitable Trust.

Saved as disclosed above, all other information as set out in the Announcement remains unchanged and shall continue to be valid for all purposes. This announcement is supplemental to and should be read in conjunction with the Announcement.

By Order of the Board
Digital Hollywood Interactive Limited
LU Yuanfeng
Chairman and Chief Executive Officer

Hong Kong, 14 November 2025

As at the date of this announcement, the executive Directors are Mr. LU Yuanfeng, Mr. HUANG Guozhan, Mr. HUANG Deqiang and Ms. LUO Simin and the independent non-executive Directors are Professor CHAU Chi Wai, Wilton, Mr. LI Yi Wen and Mr. LU Qibo.

• For identification purpose only