APT Satellite Holdings Limited announced reference is made to the announcement dated 29 September 2020 and the circular dated 6 November 2020 in relation to the Existing Transponder and Communication Services Master Agreement entered into between China Satellite Communications Company Limited (CSCC) and the Company. As the Existing Transponder and Communication Services Master Agreement will expire in December 2023 and in view of the need to maintain the provision of services to customers and to strengthen the benefits of synergy between the parties, on 28 September 2023, the Company entered into the CCT Agreement with CSCC in respect of, amongst other things, the provision of satellite transmission service, value-added service for satellite telecommunication and other related professional and management services between the Group and CSCC and/or its associates for the next three years on terms and conditions stipulated in the CCT Agreement. Duration: From 1 January 2024 to 31 December 2026, subject to renewal by negotiation between the parties.

Service provided: Subject to the terms and conditions of the CCT Agreement, the Company and CSCC have agreed to provide to each other the following services: Based on the actual requirements of CSCC or its associates, the Company or its subsidiaries shall use its satellite resources, telecommunication facilities and industry experience to provide the following services of the Group to CSCC or its associates: satellite transmission service, value-added service for satellite telecommunication; and other related professional and management services for satellite and telecommunication, including but not limited to consultancy services in relation to satellite project construction, services in relation to orbital position coordination and licensing services for use of orbital position and communication equipment and facilities (the Company's Satellite Services). Based on the actual requirements of the Company or its subsidiaries, CSCC or its associates shall use its satellite resources, telecommunication facilities and industry experience to provide the following services of CSCC or its associates to the Company or its subsidiaries: satellite transmission service, value-added service for satellite telecommunication; and other related professional and management services for satellite and telecommunication, including but not limited to consultancy services in relation to satellite project construction, services in relation to orbital position coordination and licensing services for use of orbital position and communication equipment and facilities (the CSCC's Satellite Services).