The board of directors of the Asia Television Holdings Limited announced that Dato' Sri Lai Chai Suang (Dr. Lai) has resigned as the Chairman and an Executive Director of the Company with effect from 22 December 2022 (the Resignation) in order to devote more time for other business commitments. Dr. Lai has confirmed that she did not have any disagreement with the Board and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange.