The board ("Board") of Directors ("Directors") of Asia Television Holdings Limited (the "Company") announced that Mr. Chan Wai Kit ("Mr. Chan") has tendered his resignation as an executive Director and one of the authorized representatives of the Company with effect from 30 March 2023 due to the need to spend more time on his other personal commitments. The Board announced that on 30 March 2023, Ms. Zha Mengling ("Ms. Zha") has been appointed as an executive Director with effect from 30 March 2023. Ms. Zha, aged 32, graduated from Swinburne University of Technology in Melbourne of Australia and obtained a Bachelor of Commerce (Human Resource Management) degree in October 2014.

She has extensive experience in human resource management and business development. Ms. Zha has been appointed as Fashion Accessories wholesaler of Engelite Pty Ltd. since September 2014. Ms. Zha has entered into a service agreement with the Company, pursuant to which Ms. Zha shall hold office for an initial term of two years commencing from 30 March 2023, unless terminated by either party in accordance with the terms thereof and subject to re-election in accordance with the articles of association of the Company.

Pursuant to the service agreement, she is entitled to a director's remuneration of HKD 480,000 per annum. The emoluments of Ms. Zha are determined by the Board with the recommendation of the remuneration committee of the Board and after taking into account the prevailing market situation and her duties and responsibilities within the Company. The Board is pleased to announced that Ms. Tang Po Yi, an existing executive Director, has been appointed as one of the authorised representative of the Company, in replacement of Mr. Chan, with effect from 30 March 2023.

For the biography of Ms. Tang Po Yi, please refer to the announcement of the Company dated 15 September 2021.