Television Broadcasts Limited — Capital/Financing Update 2020

Apr 14, 2020

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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China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 290)

Website: http://www.290.com.hk

REPAYMENT ARRANGEMENT FOR AMOUNTS DUE UNDER CONVERTIBLE BONDS

This announcement is made by China Fortune Financial Group Limited (the “ Company ”) on a voluntary basis.

Reference is made to the voluntary announcement of the Company dated 30 March 2020 (the “ Previous Announcement ”) in relation to, among other things, the maturity of the PAL Convertible Bonds. Capitalised terms used herein shall have the same meanings as those defined in the Previous Announcement unless otherwise stated.

As stated in the Previous Announcement, the PAL Convertible Bonds matured on 30 March 2020.

As at the date of this announcement, the Company has fully settled all accrued unpaid interests in relation to the PAL Convertible Bonds and repaid HK$20,000,000 of the outstanding principal amount of HK$153,585,000 in relation to the PAL Convertible Bonds to the bondholders (the “ PAL Bondholders ”) of the PAL Convertible Bonds. The Board considers that there will be no material impact on the Company’s financial position and operations as a result of such repayment.

The Company is in discussions with the PAL Bondholders regarding the repayment arrangements (the “ Repayment Arrangements ”) concerning the remainder of the outstanding principal amount of the PAL Convertible Bonds. Further announcements will be made by the Company in respect of the Repayment Arrangements as and when appropriate.

By order of the Board of China Fortune Financial Group Limited HUA Yang Chief Executive Officer and Executive Director

Hong Kong, 14 April 2020

As at the date of this announcement, the Board consists of three executive directors, namely Mr. XIE Zhichun (Chairman), Mr. HUA Yang and Mr. ZHU Yi; three non-executive directors, namely Mr. HAN Hanting, Mr. CHEN Zhiwei and Mr. WU Ling; and four independent non-executive directors, namely Mr. CHAN Kin Sang, Mr. CHIU Kung Chik, Mr. LI Gaofeng and Mr. LIU Xin.