TPV Technology : JOINT ANNOUNCEMENT-CLARIFICATION ANNOUNCEMENT TO THE SCHEME DOCUMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Offeror or TPV, nor shall there be any sale, purchase or subscription for securities of the Offeror or TPV in any jurisdiction in which such offer, solicitation or sale would be unlawful absent the filing of a registration statement or the availability of an applicable exemption from registration or other waiver. This joint announcement is not for release, publication or distribution in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

This joint announcement is being released on the Singapore Exchange at the same time as its release on the Stock Exchange.

CEIEC (H.K.) LIMITED	TPV TECHNOLOGY LIMITED
(Incorporated in Hong Kong with limited liability)	(Incorporated in Bermuda with limited liability)
	(Stock Code: 903)

JOINT ANNOUNCEMENT

CLARIFICATION ANNOUNCEMENT TO THE SCHEME DOCUMENT

Reference is made to the composite scheme document jointly issued by CEIEC (H.K.) Limited (the ''Offeror'') and TPV Technology Limited (''TPV'') dated 8 October 2019 in relation to, among others, the proposal for the privatisation of TPV by the Offeror by way of a scheme of arrangement under section 99 of the Bermuda Companies Act (the ''Scheme Document''). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Scheme Document.

The Offeror would like to provide further disclosure of certain information in accordance with schedule I of the Takeovers Code to the TPV Shareholders which should have been included in the Scheme Document.

DISCLOSURE OF INTERESTS UNDER THE TAKEOVERS CODE

Set out below is the additional information to the section headed ''5. Disclosure of Interests under the Takeovers Code'' in the ''Appendix II General Information on TPV and the Offeror'' of the Scheme Document.

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As at the Latest Practicable Date, save for the Proposal and the Rollover Arrangement, no person had any arrangement (whether by way of option, indemnity or otherwise) of any kind referred to in Note 8 to Rule 22 of the Takeovers Code with the Offeror or any person acting in concert with the Offeror (including the Rollover Shareholders).

Save as disclosed in the Scheme Document, there is no agreement, arrangement or understanding (including any compensation arrangement) exists between the Offeror or any person acting in concert with the Offeror (including the Rollover Shareholders) and any of the TPV Directors, recent directors, shareholders or recent shareholders of TPV having any connection with or dependence upon the Proposal.

Save as stated above, all information set out in the Scheme Document remains unchanged.

WARNING

The Proposal and the Scheme is conditional upon the satisfaction or (where applicable) waiver of the Conditions (including the approval of the Rollover Arrangement as a special deal under Rule 25 of the Takeovers Code). Accordingly, the Proposal and the Scheme may or may not become effective. TPV Shareholders and potential investors of TPV should therefore exercise caution when dealing in the securities of TPV. Persons who are in doubt as to the action they should take should consult their licensed securities dealers or registered institutions in securities, bank managers, solicitors, professional accountants or other professional advisers.

On behalf of the board of directors of	On behalf of the board of directors of
CEIEC (H.K.) LIMITED	TPV TECHNOLOGY LIMITED
Mr. Zhang Zhiyong	Dr. Hsuan, Jason
Director	Chairman and Chief Executive Officer
Hong Kong, 17 October 2019

As at the date of this joint announcement, the board of directors of TPV comprises one executive director, namely Dr. Hsuan, Jason, and five non-executive directors, namely Mr. Zhang Dongchen, Mr. Xu Guofei, Mr. Sun Jie, Dr. Li Jun and Ms. Bi Xianghui and three independent non-executive directors, namely Mr. Chan Boon Teong, Dr. Ku Chia-Tai and Mr. Wong Chi Keung.

The directors of TPV jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement relating to the TPV Group and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement by the directors of TPV have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

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As at the date of this joint announcement, the board of directors of CEIEC comprises Mr. Zhang Zhiyong, Mr. Li Jun and Ms. Bi Xianghui.

The directors of CEIEC jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the TPV Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than opinions expressed by directors of TPV) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the sole director of CECL is Mr. Sun Jie.

The sole director of CECL accepts full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the TPV Group) and confirms, having made all reasonable enquiries, that to the best of his knowledge, opinions expressed in this joint announcement (other than opinions expressed by directors of TPV) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

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