hmvod Limited — Capital/Financing Update 2021

Sep 2, 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)

VOLUNTARY ANNOUNCEMENT MEMORANDUM OF UNDERSTANDING

This announcement is made by hmvod Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) on a voluntary basis to provide the shareholders and potential investors of the Company updates on the latest business development of the Group.

MEMORANDUM OF UNDERSTANDING

The board of directors (the “ Board ”) of the Company is pleased to announce that on 2 September 2021, the Company entered into a non legally binding memorandum of understanding (the “ MOU ”) with JPEX Technical Support Co. Pty Ltd (the “ JPEX ”).

Pursuant to the MOU, JPEX will provide its software and systems called Decentralization Application, Decentralization Application Wallet (DAPP Wallet) and Ito Arbitrage Investment App (IAIA) to the Company in handling crypto currencies and Non-fungible token (NFT).

Subject to both parties further consent, the Company has a further option to invest up to USD5 million into JPEX for a period of three years, of which actual terms and conditions shall be confirmed in a separate investment agreement. Further announcement(s) in relation to the investment will be made by the Company as and when appropriate in compliance with the GEM Listing Rules. The terms and conditions contemplated under the MOU shall be agreed in the formal agreement(s) to be entered upon by the parties.

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INFORMATION OF JPEX

JPEX is a company incorporated in Australia, which is specialised in development of application of decentralisation, smart contract, trade platform of crypto currency and its maintenance. To the best knowledge, information and belief of the Directors having made all reasonable enquiries, JPEX and its ultimate beneficial owners are parties independent of and not connected with the Company and its connected persons.

REASONS FOR AND BENEFITS OF ENTERING INTO THE MOU

The Group is principally engaged in provision of professional services, over-the-top (“ OTT ”) services, and proprietary trading. The professional services segment involves cyber security services and solutions. The OTT services segment involves provision of multi-media related services and content to customers in Hong Kong and Macau via its own digital video rental platform.

As mentioned in the announcement of the Company dated 10 August, 2021, the Company will accept Bitcoin as one of the payment methods from customers for the OTT services. Therefore, the Company is looking for a system handling crypto currencies in a smart way.

The Directors consider that the entering into the MOU is in the interest of the Group and its shareholders as a whole as the cooperation contemplated under the MOU, if materialised, are expected to enlarge the income source of the Group.

The Board wishes to emphasise that the cooperation contemplated under the MOU may or may not proceed and that as at the date of this announcement, the parties have not entered into any legally binding agreement(s) in relation to the cooperation contemplated under the MOU.

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

Hong Kong, 2 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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