hmvod Limited — Capital/Financing Update 2024

Feb 8, 2024

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 PLACING OF NEW SHARES

References are made to the announcements of hmvod Limited (the “ Company ”) dated 28 September 2023, 29 September 2023, 18 October 2023, 19 October 2023 and 24 October 2023 regarding the placing of new shares under general mandate (the “ Announcements ”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

As disclosed in the announcement dated 28 September 2023, the Company intends to apply 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.

As the Company expects to incur lesser acquisition fees for the purchase of new contents for its OTT library, the Company intends to revise the use of net proceeds whereby approximately HK$3 million out of the approximately HK$5 million of the net proceeds from the Placing initially allocated for the purchase of OTT contents are now utilised for paying staff costs and administrative expenses of the Group while the remaining approximately HK$2 million of the said HK$5 million will remain to be allocated for the purchase of OTT contents.

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Save as disclosed above, there are no other changes in the use of proceeds from the Placing.

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

Hong Kong, 8 February 2024

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 Rules Governing the Listing of Securities on 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 Stock Exchange’s website at www.hkexnews.hk on the “Latest Listing 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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