hmvod Limited — Capital/Financing Update 2023

Oct 24, 2023

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.

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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 28 September 2023, 29 September 2023, 18 October 2023 and 19 October 2023 in relation to the placing of new shares under general mandate (collectively called the “ Announcements ”). Terms used herein shall have the same meanings as defined in the Announcements 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 24 October 2023 in accordance with the terms and conditions of the Placing Agreement. 21,574,649 Placing Shares, representing approximately 16.67% 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$1.08 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$23,301,000 and the net proceeds (after deduction of placing commission and other fees, costs, charges and expenses of the Placing) will be approximately HK$23,010,000. The Company intends to apply all the net proceeds from the Placing for the following purposes:

• Approximately HK$5 million is intended to be allocated to the purchase of contents for OTT services.

• Approximately HK$7 million is intended to be allocated to the production of concerts.

• Approximately HK$11 million is intended to be used for 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:

Substantial Shareholder Masan Multi Strategy Fund SPC – Masan HK Equity Fund SP Mr. Cheng Chi Heng Mr. Lui Yu Kin Placees Other Public Shareholders Total	Existing Shareholding structure as at the date of this announcement Number of Shares Approximate % (Note) 8,139,000 7.54 8,628,500 8.00 11,335,500 10.51 – – 79,770,248 73.95 107,873,248 100.00	Shareholding structure immediately upon Completion Number of Shares Approximate % 8,139,000 6.29 8,628,500 6.67 11,335,500 8.76 21,574,649 16.67 79,770,248 61.61 129,447,897 100.00	Shareholding structure immediately upon Completion Number of Shares Approximate % 8,139,000 6.29 8,628,500 6.67 11,335,500 8.76 21,574,649 16.67 79,770,248 61.61 129,447,897 100.00
			100.00

Note: According to the information disclosed in the notices of disclosure of interest.

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

Hong Kong, 24 October 2023

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

Executive Directors:

Ms. Ho Chi Na

Ms. Wong Tsz Ki

Mr. Chong Tung Yan Benedict

Independent non-executive Directors:

Mr. Chan Chi Ching

Mr. Tsang Hing Bun

Mr. Hung Cho Sing, B.B.S.

Mr. Ko Chi Kiu Robert

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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 Stock Exchange’s website at www.hkexnews.hk on the “Latest Listed Company Information” page for at least 7 days from the date of its posting and on the Company’s website at www.hmvod.com.hk.

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