Asia Television : ANNOUNCEMENT MADE PURSUANT TO RULE 13.51B(2) OF THE LISTING RULES

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)

ANNOUNCEMENT MADE PURSUANT TO RULE 13.51B(2) OF THE

LISTING RULES

This announcement is made by Asia Television Holdings Limited (the "Company") pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in relation to the particulars required to be disclosed under Rule 13.51(2)(r) of the Listing Rules.

The Company has been notified by Dato' Sri Lai Chai Suang ("Dr. Lai"), a non-executive director (the "Director") and the Co-Chairman of the Company, that she and her companies, namely Monspace (M) Sdn Bhd and Monspacemall Sdn Bhd, were accused of charges under section 4(1) and 27B of the Direct Sales and Anti-Pyramid Scheme Act 1993, in Malaysia in May 2017 (the "Malaysia Proceedings").

The particulars of the Malaysia Proceedings are listed as below:-

According to the first charge, Dr. Lai, as one of the director of the Monspace (M) Sdn Bhd, was accused of the promotion of pyramid scheme from 14 June 2017 to 17 July 2017, which is known as the "Monspace pyramid scheme", which was an offence under section 27B of the Direct Sales and Anti-Pyramid Scheme Act 1993 in Malaysia.

According to the second charge, Dr. Lai was accused of being a director of Monspacemall Sdn Bhd, in conducting direct selling activities without a legal license on 19 July 2017 at a company in Bukit Jalil, Kuala Lumpur, which was an offence under section 4(1) of the Direct Sales and Anti-Pyramid Scheme Act 1993 in Malaysia.

The board of directors (the "Board") of the Company (apart from Dr. Lai) was first aware of the Malaysia Proceedings on 16 January 2020. Taking into account Dr. Lai's extensive experience in business management and entrepreneurship (as set out in the announcement of the Company dated 20 December 2019 (the "Announcement")), the Company is of the view that Dr. Lai as an appropriate candidate as the non-executiveDirector.

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As at the date of this announcement, the Malaysia Proceedings is still ongoing and no verdict has been made, and therefore Dr. Lai is presumed to be innocent with respect to both of the charges thereunder. Unless and until Dr. Lai is convicted in respect an y of the charges, the mere presence of the Malaysia Proceedings shall not alter the Board's view as set out in the Announcement.

Save as disclosed above, the Company is not aware of any other information relating to Dr. Lai as a non-executive Director which are required to be disclosed pursuant to the Rules 13.51(2)(h) to (w) of the Listing Rules nor any other matters that need to be brought to the attention of the shareholders of the Company.

By order of the Board

Asia Television Holdings Limited

Deng Junjie

Co-Chairman

Hong Kong, 11 February 2020

As at the date of this announcement, the Board comprises Mr. Deng Junjie, Mr. Leong Wei Ping, Mr. Chan Wai Kit, Mr. Sze Siu Bun and Ms. Sun Tingting as executive Directors, Dato' Sri Lai Chai Suang as non-executive Director, and Ms. Han Xingxing, Mr. Li Yu and Ms. Wong Chi Yan as independent non-executive Directors.

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