hmvod Limited — Capital/Financing Update 2021

Sep 3, 2021

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.

hmvod Limited hmvod 視頻有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8103)

COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of hmvod Limited (the “ Company ”) dated 13 August 2021 in relation to the placing of new shares under general mandate (the “ Announcement ”). Terms used herein shall have the same meanings as defined in the Announcement unless the context requires otherwise.

COMPLETION OF THE PLACING

The Board is pleased to announce that all conditions under the Placing Agreement have been fulfilled and completion of the Placing took place on 3 September 2021 in accordance with the terms and conditions of the Placing Agreement. 16,998,000 Placing Shares, representing approximately 15.76% of the issued share capital of the Company immediately after the completion of the Placing, have been placed to not less than six Placees at the Placing Price of HK$2.00 per Placing Share.

To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Placees and whose ultimate beneficial owners are independent of, and not connected with the Company and its connected persons (as defined in the GEM Listing Rules).

The gross proceeds of the Placing will be approximately HK$33,996,000 and the net proceeds (after deduction of placing commission and other fees, costs, charges and expenses of the Placing) will be approximately HK$32,260,000. The Company intends to apply all the net proceeds from the Placing to the Group’s business operations, repayment of loan and general working capital.

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EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company immediately before and after the Completion are as follows:

	Immediately before	Immediately before	Immediately after	Immediately after
	the Completion		the Completion
	No. of	Approximate	No. of	Approximate
	Shares	%	Shares	%
Shareholders
Kingston Securities Limited
(Note 1)	8,004,050	8.81	8,004,050	7.42
Leung Lisa (Note 2)	25,546,000	28.11	25,546,000	23.68
Placees	–	–	16,998,000	15.76
Other Public Shareholders	57,325,198	63.08	57,325,198	53.14
Total:	90,875,248	100	107,873,248	100

Notes:

1. Based on the notices of disclosure of interest filed by Chu Yuet Wah (“ Chu ”), Chu has a controlling interest in Kingston Securities Limited and is deemed to be interested in these shares held by Kingston Securities Limited.

2. Based on the notices of disclosure of interest filed by Leung Lisa (“ Lisa ”), Lisa has a controlling interest in Prosper Rich Investments Limited and is deemed to be interested in these shares held by Prosper Rich Investments Limited.

By Order of the Board of hmvod Limited Ho Chi Na Executive Director

Hong Kong, 3 September 2021

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

Executive Director:

Ms. Ho Chi Na

Non-executive Director:

Mr. Lau Chung Yin

Independent non-executive Directors:

Mr. Hau Chi Kit Mr. Tang Chun Hei

Mr. Ho Chun Hang

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited 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 GEM website at http://www.hkgem.com on the “Latest Company Announcements” page for 7 days from the date of its posting and on the website of the Company at www.hmvod.com.hk.

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