Asia Television : APPOINTMENT OF NON-EXECUTIVE DIRECTOR, APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE OF COMPOSITION OF AUDIT COMMITTEE, REMUNERATION COMMITTEE AND NOMINATION COMMITTEE

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.

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)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR,

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND

CHANGE OF COMPOSITION OF AUDIT COMMITTEE, REMUNERATION COMMITTEE

AND NOMINATION COMMITTEE

Mr. Andy Yong Kim Seng 楊錦成先生* has been appointed as a non-executive Director with effect from 28 February 2020; and

Mr. Lee Cheung Yuet Horace has been appointed as an independent non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company, in each case, with effect from 28 February 2020.

This announcement is made by Asia Television Holdings Limited (the "Company"), together with its subsidiaries (the "Group"), pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock

Exchange").

Appointment of Mr. Andy Yong Kim Seng 楊錦成先生*

The board of directors (the "Director") of the Company (the "Board") is pleased to announce that Mr. Andy Yong Kim Seng 楊錦成先生* ("Mr. Yong") has been appointed as a non-executive Director with effect from 28 February 2020.

The biographical details of Mr. Yong are as follows:

Mr. Yong, aged 48, he holds a Bachelor degree of Laws from Bond University, Australia. As advised by Mr. Yong, he is an advocate and solicitor and member of the Malaysian Bar and he is currently the lawyer and managing partner at Messrs NS Leong, Low & Andy in Malaysia. Mr. Yong has more than eighteen years of experience in the litigation covering a wide spectrum of civil cases and criminal cases.

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Mr. Yong has entered into a letter of appointment with the Company for an initial term of two years commencing on 28 February 2020. The appointment will be renewable automatically for successive term of one year only commencing from the next date after the expiry of the then current term of his appointment unless terminated by either party giving not less than three months' prior notice in writing to the other. Mr. Yong is entitled to a director's remuneration of HK$360,000.00 per annum, which was determined by the Board and the remuneration committee of the Board with reference to her duties and responsibilities with the Company.

Mr. Yong is appointed for an initial term of two years, but will retire at the next following annual general meeting of the Company pursuant to article 86(3) of the Company's articles of association. Thereafter, Mr. Yong will be subject to retirement by rotation and re-election every three years at the annual general meetings of the Company in accordance with article 87 of the Company's articles of association.

Save as disclosed above and as advised by Mr. Yong, he has not held any other directorship in other public companies, the securities of which are listed on any securities market in Hong Kong or overseas for the last three years.

Save as disclosed above and as advised by Mr. Yong, as at the date of this announcement, Mr. Yong does not have any interest in the shares of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above and as advised by Mr. Yong, so far as the Directors are aware, as at the date of this announcement, Mr. Yong does not hold any other positions in the Company or its subsidiaries; and does not have any other relationship with any other Directors, senior management, substantial shareholders or controlling shareholders of the Company.

In relation to Mr. Yong's appointment, save as disclosed above, there is no other information that is required to be disclosed pursuant to the requirements under Rules 13.51(2)(h) to 13.51(2)(w) of the Listing Rules and there is no other matters that need to be brought to the attention of the holders of securities of the Company or the Stock Exchange.

Appointment of Mr. Lee Cheung Yuet Horace

The Board is pleased to announce that Mr. Lee Cheung Yuet Horace ("Mr. Lee") has been appointed as an independent non-executive Director, a member of each of the audit committee (the "Audit Committee"), a member of the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company, in each case, with effect from 28 February 2020.

The biographical details of Mr. Lee are as follows:

Mr. Lee, aged 38, obtained a Bachelor Degree of Commerce (Accounting) from The University of Queensland, Australia in 2004. Mr. Lee has been a member of the Association of Chartered Certified Accountants since 2009 and became a fellow member since 2014. Mr. Lee has over 15 years of experience in financial reporting, investment analysis, merge and acquisition exercises and business development. Mr. Lee has been taking up various senior positions in the financial and business sectors for over 9 years and he also has extensive experience in terms of Hong Kong listed companies. Mr. Lee is currently an independent non-executive director of Hybrid Kinetic Group Limited (stock code: 1188) and an independent non-executive director of Chuan Holdings Limited (stock code: 1420),

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which both companies' shares are listed on the Main board of the Stock Exchange and was an executive director of Aurum Pacific (China) Group Limited (stock code: 8148), from February 2018 to April 2019, a company listed on Growth Enterprise Market of the Stock Exchange.

Save as disclosed above, Mr. Lee has not held any other directorships in public companies listed in Hong Kong or any other major exchanges in the last three years preceding the date of this announcement. Mr. Lee is appointed for an initial term of two years, but will retire at the forthcoming general meeting of the Company pursuant to article 86(3) of the Company's articles of association and shall then be eligible for re-election. Thereafter, Mr. Lee will be subject to retirement by rotation and re-election every three years at the annual general meetings of the Company in accordance with article 87 of the Company's articles of association.

Mr. Lee is entitled to an annual director's fee of HK$120,000.00 for acting as an independent non- executive Director which was determined by the Board and the Remuneration Committee with reference to the amounts of director's fees payable to other independent non-executive Directors of the Company and the prevailing market level of remuneration for a similar position. Other than the aforesaid, Mr. Lee is not entitled to any other emoluments for holding office as an independent non- executive Director.

Mr. Lee has confirmed that he meets the independence criteria as set out in Rule 3.13 of the Listing Rules.

Save as disclosed above, Mr. Lee does not hold any other positions with the Company or its subsidiaries, and is not connected with any Directors, senior management or substantial shareholders of the Company. As at the date of this announcement, Mr. Lee does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Lee has confirmed that there are no matters which required to be disclosed in accordance with Rule 13.51(2)(h) to (w) of the Listing Rules and there are no other matters that needed to be brought to the attention of shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Yong and Mr. Lee for joining the Board.

By order of the Board

Asia Television Holdings Limited

Deng Junjie

Co-Chairman and executive Director

Hong Kong, 28 February 2020

As at the date of this announcement, the Board comprises Mr. Deng Junjie, Mr. Leong Wei Ping 梁瑋玶 *, Mr. Chan Wai Kit, Mr. Sze Siu Bun and Ms. Sun Tingting as executive Directors, 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

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