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 - FURTHER 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; (iii) the announcement of the Company dated 17 December 2019 in relation to the Phase 1 Completion of the Subscription; (iv) the announcement of the Company dated 26 February 2020 in relation to the extension of Phase 2 Completion Date of the Subscription; and
- the announcements of the Company dated 1 April 2020, 4 May 2020,1 June 2020 and 3 July 2020 in relation to the further extension of Phase 2 Completion Date of the Subscription (the "Further Extension Announcements"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.
As disclosed in the Further Extension Announcements, the Phase 2 Completion Date had been extended to 3 August 2020.
Due to the outbreak of the coronavirus pandemic which continues to affect the normal business operation in Hong Kong and the PRC, the funding arrangement of the Subscriber for the Phase 2 Completion has been hindered. Therefore, additional time is required to proceed with Phase 2 Completion. On 3 August 2020 (after trading hours), the Subscriber and the Company entered into a letter of confirmation, pursuant to which the parties mutually agreed to further extend the Phase 2 Completion Date to 4 September 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 and non-executive Director
Hong Kong, 3 August 2020
As at the date of this announcement, the Board comprises Mr. Leong Wei Ping 梁瑋玶先生*, Mr. Chan Wai Kit, Mr. Sze Siu Bun and Ms. Sun Tingting as executive Directors, Mr. Deng Junjie, Dato' Sri Lai Chai Suang 拿督斯里賴彩雲博 士* and Mr. Andy Yong Kim Seng 楊錦成先生* as non-executive Directors, Ms. Han Xingxing, Mr. Li Yu, Ms. Wong Chi Yan and Mr. Lee Cheung Yuet Horace as independent non-executive Directors.
* For identification purpose only