hmvod Limited — Capital/Financing Update 2020

Dec 3, 2020

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.

This announcement appears for information purpose only and does not constitute an invitation or offer to acquire, purchase, or subscribe for any securities of the Company.

hmvod Limited hmvod 視頻有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8103)

SUPPLEMENTAL ANNOUNCEMENT

PROPOSED ISSUE OF SETTLEMENT SHARES UNDER SPECIFIC MANDATE

Reference is made to the announcement of the Company dated 4 November 2020 in relation to the proposed issue of Settlement Shares under Specific Mandate (the “ Announcement ”). Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as defined in the Announcement.

The Company is pleased to announce that the Company entered into a 2nd supplemental agreement to the Settlement Agreement with the Bondholder on 1 December 2020 (the “ 2nd Supplement Agreement ”). Pursuant to the 2nd Supplemental Agreement, it was agreed, inter alia, that:

• (i) Immediately after the allotment of the Settlement Shares to the Bondholder, the Settlement Shares shall be subject to a lock-up period of six months from the date of issuance thereof (the “ Lock-up Period ”); and

• (ii) In the event that the aggregate of the market value of the Settlement Shares drops more than 30% of HK$3,920,000 (i.e. aggregate market value drops more than HK$1,176,000) as determined by the closing price of the Settlement Shares as at the last trading day immediately prior to the 1st anniversary of the date of allotment (the “ Value Day ”), the Company shall issue such further new shares at the issue price based on 5-day average closing price of the Shares quoted on the Stock Exchange prior to the Value Day or repay cash to restore such shortfall of the market value of HK$3,920,000 to the Bondholder, and any further new shares so issued shall be subject to a lock-up period of six (6) months after the date of issuance thereof.

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Save as specifically amended by the 2nd Supplemental Agreement, all other terms and conditions of the Settlement Agreement and the Supplement Agreement shall remain in full force and effect.

As additional time is required for the Company to finalise the information to be contained in the Circular, the despatch date of the Circular is expected to be delayed to a date falling on or before 11 December 2020.

By order of the Board hmvod Limited Lau Kelly Executive Director

Hong Kong, 3 December 2020

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors: Independent non-executive Directors: Mr. Lau Kelly (Chief Executive Officer) Ms. Yang Eugenia Ms. Ho Chi Na Mr. Hau Chi Kit Ms. Sin Pui Ying Mr. Ma Stephen Tsz On Mr. Tang Chun Hei

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting and be posted on the website of the Company at www.hmvod.com.hk.

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