hmvod Limited — Capital/Financing Update 2023

Oct 10, 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)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

References are made to the announcements (the “ Announcements ”) of hmvod Limited (the “ Company ”) dated (i) 8 August 2023 and 22 August 2023 regarding the issue of convertible bonds under general mandate; and (ii) 5 October 2023 regarding the extension of the long stop date in respect of such issue of convertible bonds (the “ Extension Announcement ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

As disclosed in the Extension Announcement, additional time is required for the fulfillment of certain Conditions under the Subscription Agreement (as amended and supplemented by the Supplemental Agreement and the Second Supplemental Agreement) and the Long Stop Date has been extended to 3 December 2023.

As at the date of this announcement, the Condition precedent (e) requiring the warranties given by the Company (the “ Company Warranties ”) remaining true and accurate in all material respects and being not misleading as at the Completion Date has yet to be fulfilled or waived by the Subscribers.

The Company is conducting a placing of new Shares under general mandate (the “ Placing ”) aiming at raising the gross proceeds of approximately HK$23.3 million as disclosed in its announcement dated 28 September 2023. The Subscribers consider that the Placing constituted a corporate event or latest development of the Company with material impact on, among others, the financial or business condition or prospects of the Group, which falls within the scope of the Company Warranties under the provisions of the Subscription Agreement. Accordingly, the Subscribers require additional time to evaluate the subscription of the Convertible Bonds, resulting in the extension of the Long Stop Date.

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As the Subscription Agreement (as amended and supplemented by the subsequent supplemental agreements) is subject to the Conditions precedent therein and may or may not proceed, the Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

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

Hong Kong, 10 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

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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