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Huitongda Network Co., Ltd. — Capital/Financing Update 2016
May 25, 2016
14887_rns_2016-05-24_b8f18d88-aea7-4d14-b986-52306fe8d5ba.pdf
Capital/Financing Update
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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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CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 (incorporated in the Cayman Islands with limited liability) (Stock code: 471)
VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE
Launch AMEGO Satellite-based Mobile Video Entertainment Across One-Belt-One-Road Southeast Asia (Including Hong Kong & Taiwan)
Reference is made to the announcement (the “ Announcement ”) of CMMB Vision Holdings Limited (the “ Company ”) dated 5 April 2016 in relation to soft launch of services. Unless otherwise stated, terms defined in the “Announcement” shall have the same meanings when used in this announcement.
AMEGO Service Launch for One-Belt-One-Road:
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The Company is pleased to announce that it is launching AMEGO satellite mobile entertainment service for the South Asia One-Belt-One-Road region, which includes Indonesia, Malaysia, Thailand, Singapore, Vietnam, Laos, Cambodia, Myanmar and countries adjacent to the South China Seas as well as Hong Kong and Taiwan.
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The region under our service coverage has approximately 600 million mobile users and 100 million vehicles and is among the fastest growing regions in the world.
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Users with our AMEGO device can receive free-of-charge popular international live-mobile TV programming on their Android or Apple devices anywhere across the region without depending on the conventional mobile networks.
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- The service is the first of its kind in the region, leveraging on L-band in providing a satellite-based mobile video entertainment on the go to the mass-market mobile, vehicular and nomadic users.
Palm-sized AMEGO Box:
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AMEGO is a palm-sized easy-to-carry device, and plug-and-play mobile satellite WiFi receiver and transmitter, which can receive digital signals from the Southern Beam of our L-band satellite platform, AsiaStar anywhere in the region with an open sky and re-transmit the signals to other nearby mobile devices on the ground via a built-in WiFi transmitter. Users connect to the WiFi for their mobile TV entertainment.
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It is especially suited for cars and for portable use in any mobile locations.
Android and Apple-based Devices:
- Mobile users with AMEGO WiFi Box can have unprecedented high-quality live-mobile TV programs directly delivered to their Android or Apple handsets, tablet, and notebook computers using a simple App downloaded from the Internet.
Free Live-Mobile TV Programming without Data Cost:
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Initial programming includes 6 channels of most popular international and regional TV channels, eventually upgrading to 12 channels.
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The service is free and incurs no mobile data charge or roaming cost for users.
Paving for Next-Generation “Silkwave-1” Service:
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Current service launch will serve to perfect the various business applications and models so as to prepare for the much more powerful L-band service from our next-generationSilkwave-1 satellite, capable of delivering in excess of100 times more transmission power. Silkwave-1 is designed and manufactured by Boeing and is expected to launch in 2018.
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Services under Silkwave-1 will expand to include 100+ live video and audio channels with regional diversity, unlimited popular Internet data content downloads, as well as real-time data services
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- Next generation Silkwave-1 devices will see their applications directly installed and embedded in connected car systems or mobile devices and will be complemented by terrestrial 4G cellular networks for unprecedented interactive multimedia services.
Hong Kong Cyberport Premise for Demo Headquarter:
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The Company will use its premise in Cyberport of Hong Kong to serve the regional base for AMEGO services.
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Dealers and service partners from local communities and around the region will participate in our demo sessions and to explore partnerships for developing a regional distribution franchise.
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Program uplink is performed via our ground-station in Brisbane, Australia, and customer service is carried out by our affiliate Dish-HD Asia, a leading Asia-wide Direct-to-Home satellite TV provider.
China Launch:
- The Company expects to launch similar services for China soon under a separate programming platform pending proper regulatory compliance.
Technological Breakthrough:
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AMEGO signifies a breakthrough for mass-market media and Internet content delivery to anywhere without data, cost, and geographical constraints, which cannot be accommodated by conventional cellular network.
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It also signifies the company’s cornerstone in its long quest for developing a new technology and business platform, and to charter into the modern Internet, Information, and Space age to secure a sustainable and commercially viable future.
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As the service is the first-ever in the region, the company is cautiously optimistic about its acceptance by the mass-market and the potential in capturing significant new revenues in the medium and long term.
www.amego.tv:
- The public is welcome to visit the product website www.amego.tv for further information.
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The company thanks all personnel involved and shareholders for their unwavering support.
By order of the Board CMMB Vision Holdings Limited Wong Chau Chi Chairman
Hong Kong, 25 May 2016
As at the date of this announcement, the Board comprises two executive Director, namely Mr. WONG Chau Chi and Dr. LIU Hui; two non-executive Directors, namely Mr. CHOU Tsan-Hsiung and Mr. YANG Yi; and three independent non-executive Directors, namely Mr. WANG Wei-Lin, Mr. LI Shan and Dr. LI Jun.
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