The board (the ?Board?) of directors (the ?Directors?) of China Digital Video Holdings Limited (the ?Company?) announced that, in order to devote his time on his other business engagement which requires more of his time and dedication, with effect from January 3, 2024, Mr. Frank Christiaens (?Mr. Christiaens?) resigned as an independent non-executive Director. Mr. Christiaens also ceased to be the chairman of remuneration committee of the Company (the ?Remuneration Committee?) and member of audit committee of the Company (the ?Audit Committee?). Upon resignation of Mr. Christiaens as an independent non-executive Director, the number of independent non-executive Directors and the members of Remuneration Committee and Audit Committee falls below the minimum number required under Rule 5.05(1), Rule 5.28 and Rule 5.34 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (?GEM Listing Rules?) and the terms of reference of the Remuneration Committee and Audit Committee.

The Company is in the process of identifying suitable candidate to fill the vacancies as soon as practicable in any event within three months from January 3, 2024 in order to ensure compliance by the Company with the requirements under the GEM Listing Rules. The Company will make further announcement as and when appropriate.