hmvod Limited — Capital/Financing Update 2024

Jan 4, 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)

LAPSE OF ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

Reference is made to the Announcements of hmvod Limited (the “ Company ”) dated 8 August 2023, 22 August 2023, 5 October 2023, 10 October 2023, and 4 December 2023 in relation to, among others, the CB Subscription Agreements entered into between the Company and the Subscribers. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings given to them in the Announcements.

LAPSE OF ISSUE OF CONVERTIBLE BONDS UNDER GENERAL MANDATE

Pursuant to the CB Subscription Agreements, the Completion of the issue of the Convertible Bonds is subject to the satisfaction (or waiver) of the conditions precedent as set out in the CB Subscription Agreements (“ Conditions Precedent ”) on or before the Long Stop Date. As disclosed in the announcement dated 4 December 2023, the Long Stop Date has been extended to 31 December 2023 (the “ Extended Long Stop Date ”).

As certain Conditions Precedent were not satisfied (or waiver) by the expiry of the Extended Long Stop Date pursuant to the CB Subscription Agreements, the CB Subscription Agreements were automatically and immediately terminated and neither of the parties shall have any liability to the other parties (except for any liability arising from a breach of the CB Subscription Agreements prior to termination). The Board considers that the termination of the CB Subscription Agreements and lapse of the issue of Convertible Bonds will not have any material adverse impact on the existing business, operation and financial position of the Group. The Company may consider engaging in further fund raising activities taking into account the development of the Group. The Company will keep the market informed by way of announcement in compliance with the requirements of the GEM Listing Rules as and when appropriate.

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

Hong Kong, 4 January 2024

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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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