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 the 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.
ASIA TELEVISION HOLDINGS LIMITED
亞 洲 電 視 控 股 有 限 公 司
(incorporated in the Cayman Islands with limited liability) (Stock Code: 707)
CONNECTED TRANSACTION IN RELATION TO
SUBSCRIPTION OF CONVERTIBLE BONDS UNDER
SPECIFIC MANDATE - EXTENSION OF PHASE 2 COMPLETION DATE
References are made to (i) the announcements of Asia Television Holdings Limited (the "Company") dated 24 September 2019 and 7 November 2019 and the circular of the Company dated 11 November 2019 (the "Circular") in relation to, among others, the Subscription; (ii) the announcement of the Company dated 29 November 2019 in relation to the poll results; and (iii) the announcement of the Company dated 17 December 2019 in relation to the Phase 1 Completion of the Subscription. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.
Pursuant to the Subscription Agreement, Phase 2 Completion shall take place on Phase 2 Completion Date (or such other date as may be agreed between the Company and the Subscriber). As additional time is required to proceed with Phase 2 Completion, on 26 February 2020 (after trading hours), the Subscriber and the Company entered into a letter of confirmation, pursuant to which the parties mutually agreed to extend the Phase 2 Completion Date to 1 April 2020.
Save and except for the above, all other terms and conditions of the Subscription Agreement remain unchanged and in full force and effect in all respects.
By order of the Board
Asia Television Holdings Limited
Deng Junjie
Co-Chairman
Hong Kong, 26 February 2020
As at the date of this announcement, the board of Directors comprises Mr. Deng Junjie, Mr. Leong Wei Ping, Mr. Chan Wai Kit, Mr. Sze Siu Bun and Ms. Sun Tingting as executive Directors, Dato' Sri Lai Chai Suang as non-executive Director, Ms. Han Xingxing, Mr. Li Yu and Ms. Wong Chi Yan as independent non-executive Directors.