The board of directors of hmvod Limited announced Mr. Chong Tung Yan Benedict has been re-designated from a non-executive director to an executive director of the Company with effect from 3 April 2023. Mr. Chong, aged 40, was appointed as the independent non-executive director of the Company on 20 July 2022. Mr. Chong has over 20 years of working experience in music production and media management.

He has founded Unleash Entertainment in 2012. His passion and enthusiasm has led him to be involved in music production, live events and television and films scoring with various entertainment companies. He is currently running his own music production company for production and publishing of music for records, television and films. Mr. Chong graduated with honors in each of the programme of Recording Arts Management and Producing and Engineering from Harris Institute in Canada.

Mr. Chong will enter into a new service contract with the Company as an executive director for an initial term of three years renewable automatically for successive term of three years commencing from the next day after the expiry of the current term of his appointment, unless terminated either by Mr. Chong or the Company by serving three months' notice in writing. Mr. Hung Cho Sing, B.B.S. has been appointed as an independent non-executive director of the Company with effect from 3 April 2023. The Board announces that Mr. Hung has been appointed as an Independent Non-Executive Director as well as the member of audit committee, remuneration committee and nomination committee with effect from 3 April 2023.

Mr. Hung, aged 82, has over 50 years of experience in the film distribution industry and founded Delon International Film Corporation in 1970. He has been the chairman of Hong Kong Kowloon and New Territories Motion Picture Industry Association Limited since 1991 and was the chairman of Hong Kong Film Awards Association from 1992 to 1995. He was also appointed as a consultant of the China Film Association.

Mr. Hung is also a member of the 1,500-member HKSAR Election Committee and a vice-chairman of the Cultural Profession Committee of the Guangdong, Hong Kong and Macau Cooperation Promotion Council, and was elected the vice-chairman of Film Association of Guangdong, China for the period from November 2016 to November 2021. Mr. Hung was awarded the Bronze Bauhinia Star (BBS) by the HKSAR Government in 2005 in recognition of his contribution to the Hong Kong film industry. Mr. Hung was a non-executive director of Universe Entertainment and Culture Group Company Limited from 1 February 2019 to 31 July 2019, the securities of which are listed on the main board of the Stock Exchange.

Currently, Mr. Hung is an independent non- executive director of China Star Entertainment Limited, an independent non- executive director of Harbour Digital Asset Capital Limited, an independent non-executive director of Oshidori International Holdings Limited and an independent non-executive director of Miko International Holdings Limited, the respective securities of which are listed on the main board of the Stock Exchange. He is also an independent non-executive director of KOALA Financial Group Limited, which is listed on the GEM of the Stock Exchange. Save as disclosed above, Mr. Hung has not held any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years.

Mr. Hung entered into a letter of appointment for an initial term of three years from 3 April 2023 and is subject to re-election or retirement by rotation at the general meetings of the Company pursuant to the bye-laws of the Company. Upon Mr. Chong's re-designation, he resigned to be the chairman of the nomination committee, remuneration committee, and a member of the audit committee. The Board further announced that with effect from 3 April 2023, Mr. Chan Chi Ching will be appointed as the Chairman of the remuneration committee and nomination committee of the Board to take the place of Mr. Chong.

Mr. Hung will be appointed as member of audit committee, remuneration committee and nomination committee. After the aforesaid changes, the composition of the audit committee, remuneration committee and nomination committee will be as follows: Nomination Committee: Mr. Chan Chi Ching (Chairman); Mr. Tsang Hing Bun; and Mr. Hung Cho Sing, B.B.S. Remuneration Committee: Mr. Chan Chi Ching (Chairman); Mr. Tsang Hing Bun; and Mr. Hung Cho Sing, B.B.S. Audit Committee: Mr. Tsang Hing Bun (Chairman); Mr. Chan Chi Ching; and Mr. Hung Cho Sing, B.B.S.