Huayi Tencent Entertainment : (1) RE-ELECTION OF DIRECTORS (2) GENERAL MANDATE TO ISSUE NEW SHARES AND REPURCHASE ITS OWN SHARES (3) NOTICE OF ANNUAL GENERAL MEETING

April 13, 2021 at 05:05 am EDT

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your securities in Huayi Tencent Entertainment Company Limited, you should at once hand this circular and the accompanying form of proxy to the purchaser or the transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the contents of this circular.

華誼騰訊娛樂有限公司

Huayi Tencent Entertainment Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 419)

RE-ELECTIONOF DIRECTORS
1. GENERAL MANDATE TO

ISSUE NEW SHARES AND REPURCHASE ITS OWN SHARES

(3) NOTICE OF ANNUAL GENERAL MEETING

A notice of the AGM to be held at Boardroom 3, Mezzanine Floor, Renaissance Harbour View Hotel Hong Kong, 1 Harbour Road, Wanchai, Hong Kong on Thursday, 20 May 2021 at 10:00 a.m. is set out on pages 11 to 15 of this circular. A form of proxy for use by the Shareholders at the AGM is enclosed. If you do not intend to attend the AGM in person, please complete the form of proxy enclosed in accordance with the instructions printed thereon and return it to the branch share registrar of the Company in Hong Kong, Tricor Tengis Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong as soon as practicable but in any event not less than 48 hours before the time appointed for holding the AGM. Completion and return of the form of proxy will not preclude you from attending and voting in person at the AGM should you so wish.

PRECAUTIONARY MEASURES FOR THE 2021 AGM

Please see page i of this circular for various precautionary measures introduced by The Government of the Hong Kong Special Administrative Region in accordance with Chapter 599G of the Laws of Hong Kong (as amended from time to time) are implemented with a view to minimising risks of virus infection and spreading.

14 April 2021

PRECAUTIONARY MEASURES FOR THE 2021 AGM

To safeguard the health and safety of persons of 2021 AGM, various precautionary measures introduced by The Government of the Hong Kong Special Administrative Region in accordance with the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Chapter 599G of the Laws of Hong Kong), as amended from time to time, will be implemented with a view to minimising risks of virus infection and spreading:

Compulsory body temperature check will be taken for all persons entering the meeting venue, and those with high body temperature (over 37.2 degrees Celsius) will not be allowed to enter the meeting venue;
Requiring all persons entering the meeting venue to wear a surgical face mask. Please note that no surgical face masks will be provided at the meeting venue;
Sanitising hands before entering the meeting venue;
Implementing a social distancing layout for the meeting venue. As a result, only a limited number of seats will be provided;
No food or drink allowed; and
No corporate gift will be distributed.

Persons are requested to observe and practise good personal hygiene at all times at the meeting venue. The Company reserves the right to deny entry into the meeting venue or require any person to leave the meeting venue pursuant to Chapter 599G of the Laws of Hong Kong (as amended from time to time) so as to ensure the health and safety of the persons at the 2021 AGM.

In line with the advices issued by Centre for Health Protection, the Company strongly recommends Shareholders to exercise their rights to vote at the 2021 AGM by appointing the chairman of the 2021 AGM as their proxies and to return their forms of proxy as early as possible, instead of attending the 2021 AGM in person.

In case of shutting down of meeting venue due to the developments of COVID-19, shareholders are advised to check The Stock Exchange of Hong Kong Limited's (the "Stock Exchange") website at www.hkexnews.hk or the Company's website at www.huayitencent.com for further announcements and updates on the 2021 AGM arrangements that may be issued.

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CONTENTS

	Page
Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1
Letter from the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
Notice of Annual General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11

- ii -

DEFINITIONS

In this circular, the following expressions shall have the following meanings unless the context indicates otherwise:

''AGM''	the annual general meeting of the Company to be held at
	Boardroom 3, Mezzanine Floor, Renaissance Harbour View
	Hotel Hong Kong, 1 Harbour Road, Wanchai, Hong Kong on
	Thursday, 20 May 2021 at 10:00 a.m., or any adjournment
	thereof (or as the case may be)

''AGM Notice''

''Articles''

''Board''

''Company''

the notice convening the AGM dated 14 April 2021 which is set out on pages 11 to 15 of this circular

the articles of association of the Company

the board of Directors

Huayi Tencent Entertainment Company Limited, a company incorporated in the Cayman Islands with limited liability, the issued Shares of which are listed on the Main Board of the Stock Exchange

''Directors''	the directors of the Company
''Hong Kong''	the Hong Kong Special Administrative Region of the People's
	Republic of China
''HK$''	Hong Kong dollars, the lawful currency of Hong Kong
''Issue Mandate''	a general mandate proposed to be granted to the Directors at
	the AGM to allot, issue and deal with new Shares of the
	Company not exceeding 20% of the number of the issued
	Shares of the Company as at the date of passing of the
	ordinary resolution in relation thereto
''Latest Practicable Date''	7 April 2021, being the latest practicable date prior to the
	printing of this circular for ascertaining certain information
	contained herein
''Listing Rules''	the Rules Governing the Listing of Securities on the Stock
	Exchange

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DEFINITIONS

''Repurchase Mandate''

''SFO''

''Share(s)''

''Shareholder(s)''

''Stock Exchange''

''%''

the general and unconditional mandate proposed to be granted to the Directors at the AGM to exercise the powers of the Company to repurchase fully paid up Shares of the Company of up to 10% of the number of the issued Shares of the Company as at the date of passing of the ordinary resolution in relation thereto

the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as amended from time to time

the ordinary share(s) of HK$0.02 each in the shares of the Company

the holder(s) of the Share(s) of the Company

The Stock Exchange of Hong Kong Limited

per cent

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LETTER FROM THE BOARD

華誼騰訊娛樂有限公司

Huayi Tencent Entertainment Company Limited

(Incorporated in the Cayman Islands with limited liability)

		(Stock Code: 419)
Directors:	Registered office:
Mr. CHENG Wu1 (Vice Chairman)	Cricket Square
Mr. YUEN Hoi Po1 (CEO)	Hutchins Drive
Dr. WONG Yau Kar, David, GBS, JP2	P.O. Box 2681
Mr. YUEN Kin2	Grand Cayman KY1-1111
Mr. CHU Yuguo2	Cayman Islands
1	Executive Director	Principal place of business
2	Independent Non-executive Director

in Hong Kong: Suite 908, 9/F

Tower Two, Lippo Centre

89 Queensway

Hong Kong

14 April 2021

To the Shareholders

Dear Sir/Madam,

RE-ELECTIONOF DIRECTORS
1. GENERAL MANDATE TO

ISSUE NEW SHARES AND REPURCHASE ITS OWN SHARES

(3) NOTICE OF ANNUAL GENERAL MEETING

INTRODUCTION

The purpose of this circular is to give you the notice of AGM and provide you with information regarding certain ordinary resolutions to be proposed at the AGM and enable you to make decisions on whether to vote for or against those resolutions.

At the AGM, ordinary resolutions, amongst others, will be proposed for the Company to approve the re-election of Directors, the Issue Mandate, the Repurchase Mandate and the extension of the Issue Mandate.

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LETTER FROM THE BOARD

RE-ELECTIONOF DIRECTORS

The Nomination Committee of the Company has made a recommendation to the Board that Mr. CHENG Wu and Mr. CHU Yuguo will retire at the AGM and, being eligible, offer themselves for re-election pursuant to Article 87(1) of the Articles.

Mr. CHU Yuguo has been appointed as Independent Non-executive Director for more than 9 years as at the Latest Practicable Date. Pursuant to Code Provision A.4.3 of the Corporate Governance Code and Corporate Governance Report set out in Appendix 14 to the Listing Rules, his further appointment should be subject to a separate resolution to be approved by the Shareholders.

The Company has received from Mr. CHU Yuguo a confirmation of independence criteria set out in Rule 3.13 of the Listing Rules. As Mr. CHU Yuguo has not taken any management role in the Group nor in any relationships with any Director, senior management, substantial or controlling Shareholders of the Company, the Nomination Committee believes that there are not any circumstances which would interfere Mr. CHU Yuguo to exercise his independent judgement and he can continue to demonstrate his ability to provide a balanced and independent view beneficial to the Company and Shareholders as a whole notwithstanding the length of his service.

Biographies of the retiring directors offering for re-election at the AGM are as follows:

EXECUTIVE DIRECTOR

Mr. CHENG Wu

Director since 2018

Vice Chairman and Executive Director

Mr. CHENG Wu, aged 46, currently serves as Vice Chairman of the Board and Executive Director of the Company. He is a member of Executive Committee and Strategy Committee. Mr. CHENG joined Tencent Holdings Limited (Stock Code: 700) (''Tencent''), a substantial shareholder of the Company and a company listed on the Main Board of the Hong Kong Stock Exchange, in 2009. He has been fully responsible for strategic planning and day- to-day operation of Tencent Pictures, Tencent Animation & Comic and Tencent Esports. In additional, he has been responsible for the marketing and PR for Tencent Group and leading the marketing departments of Tencent Interactive Entertainment Group (''IEG'').

In 2011, Mr. CHENG initiated the ''Pan-Entertainment Strategy'' (Internet enabled trans- media strategy). Due to his visionary leadership, Tencent has gradually been able to launch its comics, literature, film & television, and e-sports, which, together with online games, have formed a more solid portfolio of the ''Pan-Entertainment'' businesses, thus leading the industry in their respective areas of business currently.

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LETTER FROM THE BOARD

In September 2015, Tencent Pictures was founded. Mr. CHENG has been appointed as the chief executive officer of Tencent Pictures.

In April 2018, Mr. CHENG further put forward the new strategic idea of ''Neo-Culture Creativity'' on the basis of the ''Pan-Entertainment Strategy'', which is devoted to promoting the mutual empowerment of cultural value and industry value through a broader connection to create more Chinese cultural symbols.

Mr. CHENG graduated from the Tsinghua University with a Bachelor of Science degree in Physics. He also gained an EMBA from the Olin School of Business at Washington University. As a former team leader of the Drama Group of the Tsinghua University Arts Troupe, he believes that a perfect integration of science and art can create the best value.

Mr. CHENG is currently the vice president of Tencent; an executive director and chief executive officer of China Literature Limited (Stock Code: 772), and a non-executive director of Maoyan Entertainment (Stock Code: 1896), the shares of which are listed on the Stock Exchange.

As at the Latest Practicable Date, Mr. CHENG does not have any interest in the securities of the Company within the meaning of Part XV of the SFO.

Mr. CHENG has entered into a service contract with the Company for a term of 3 years and will be subject to retirement by rotation and re-election at the annual general meeting pursuant to the Memorandum and Articles of Association of the Company. The remuneration payable to Mr. CHENG will be determined and approved by the Remuneration Committee of the Company with reference to his duties and responsibilities in the Company and the prevailing market conditions. No emolument has been proposed for Mr. CHENG.

Save as disclosed above, Mr. CHENG (i) has not held any other directorships in any public companies which are listed in Hong Kong or overseas in the last three years; (ii) does not hold other positions in the Company or any of its subsidiaries; (iii) does not have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company; (iv) does not have any interest in the listed securities of the Company within the meaning of Part XV of SFO; and (v) there is no information relating to Mr. CHENG that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters that need to be brought to the attention of the Shareholders in relation to the re-election of Mr. CHENG.

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LETTER FROM THE BOARD

INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. CHU Yuguo

Director since 2012

Independent Non-Executive Director

Mr. CHU Yuguo, aged 55, currently serves as Independent Non-executive Director of the Company. He is the Chairman of Nomination Committee as well as a member of Audit Committee and Corporate Governance Committee. Mr. CHU is a PhD fellowship of Peking University. He was a lecturer of the Department of Computer Science & Technology of Peking University, deputy head and head of office of admission of Peking University Office of Educational Administration, head of asset management office of Peking University, and the chairman and general manager of Peking University Science Park. He is the chairman of Beijing Jade Bird Education & Technology Development Co., Ltd.

As at the Latest Practicable Date, Mr. CHU has personal interest in 2,000,000 Shares under Part XV of the SFO.

Mr. CHU has entered into a service contract with the Company for a term of 3 years and will be subject to retirement by rotation and re-election at the annual general meeting pursuant to the Memorandum and Articles of Association of the Company. The remuneration payable to Mr. CHU was recommended by the Remuneration Committee of the Company with reference to his duties and responsibilities in the Company and the prevailing market conditions and then determined and approved by the Board. Mr. CHU currently receives a basic salary of HK$240,000 per annum.

Save as disclosed above, Mr. CHU (i) has not held any other directorships in any public companies which are listed in Hong Kong or overseas in the last three years; (ii) does not hold other positions in the Company or any of its subsidiaries; (iii) does not have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company; (iv) does not have any interest in the listed securities of the Company within the meaning of Part XV of SFO; and (v) there is no information relating to Mr. CHU that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters that need to be brought to the attention of the Shareholders in relation to the re-election of Mr. CHU.

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LETTER FROM THE BOARD

GENERAL MANDATE TO ISSUE SHARES

It will be proposed at the AGM the ordinary resolutions nos. 4(A) and 4(C) in the AGM Notice for granting to the Directors a general mandate to allot, issue and deal with new Shares of the Company not exceeding 20% of the number of the issued Shares of the Company as at the date of passing of the ordinary resolution no. 4(A) in the AGM Notice and adding to such general mandate so granted to the Directors any Shares of the Company representing the number of Shares of the Company repurchased by the Company after the granting of the general mandate to repurchase Shares of the Company up to 10% of the number of the issued Shares of the Company as at the date of passing of the ordinary resolution no. 4(B) in the AGM Notice. Such general mandate to allot, issue and deal with new Shares of the Company shall be exercisable during the period from the passing of the ordinary resolutions nos. 4(A) and 4(C) in the AGM Notice until whichever is the earliest of:

the conclusion of the next annual general meeting of the Company;
the expiration of the period within which the next annual general meeting of the Company is required by the Articles or the applicable laws of the Cayman Islands to be held; or
the date on which the authority set out in such ordinary resolutions is revoked or varied by an ordinary resolution of the Shareholders in general meeting.

As at the Latest Practicable Date, the number of Shares of the Company was 13,498,106,577 Shares. Subject to passing of the ordinary resolution no. 4(A) in the AGM Notice and on the basis that no further Shares will be issued or repurchased prior to the AGM, the Company will be allowed to allot, issue and deal with a maximum of 2,699,621,315 Shares representing not more than 20% of the number of the issued Shares of the Company as at the Latest Practicable Date.

GENERAL MANDATE TO REPURCHASE SHARES

It will also be proposed at the AGM the ordinary resolution no. 4(B) in the AGM Notice for granting of the Repurchase Mandate to the Directors to exercise the powers of the Company to repurchase Shares of the Company up to 10% of the number of the issued Shares of the Company as at the date of passing of the ordinary resolution no. 4(B) in the AGM Notice.

The following is an explanatory statement as required to be sent to the Shareholders under the Share Repurchase rules to provide requisite information to the Shareholders for consideration of the ordinary resolution no. 4(B) in the AGM Notice in respect of the Repurchase Mandate.

TOTAL NUMBER OF THE SHARES FOR SHARES REPURCHASE

As at the Latest Practicable Date, the number of the issued Shares of the Company was 13,498,106,577 Shares. Subject to the passing of the ordinary resolution no. 4(B) in the AGM Notice and on the basis that no further Shares are issued or repurchased prior to the AGM, the Company would be allowed under the Repurchase Mandate to repurchase a maximum of

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LETTER FROM THE BOARD

1,349,810,657 Shares, representing not more than 10% of the number of the issued Shares of the Company, during the period from the passing of the ordinary resolution no. 4(B) in the AGM Notice until whichever is the earliest of:

the conclusion of the next annual general meeting of the Company;
the expiration of the period within which the next annual general meeting of the Company is required by the Articles or the applicable laws of the Cayman Islands to be held; or
the date on which the authority set out in such ordinary resolution is revoked or varied by an ordinary resolution of the Shareholders in general meeting.

Reasons for Shares Repurchase

The Directors believe that the Repurchase Mandate is in the best interests of the Company and the Shareholders as a whole. Whilst it is not possible to anticipate in advance any specific circumstance in which the Directors might consider appropriate to repurchase Shares, they believe that an ability to do so would give the Company additional flexibility that would be beneficial to the Company and the Shareholders as a whole as such repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net asset value of the Company and/or its earnings per Share. Shareholders can be assured that the Directors would only make such repurchases in circumstances where they consider them to be in the best interests of the Company and the Shareholders as a whole.

Funding of Repurchases

Repurchases must be made out of funds which are legally available for such purpose in accordance with the Memorandum and Articles of Association of the Company, the Listing Rules and the applicable laws of the Cayman Islands and Hong Kong. It is envisaged that the funds required for any repurchases would be derived from the distributable profits of the Company.

The Directors consider that there might be a material adverse impact on the working capital or gearing level of the Company (as compared with the position disclosed in the audited accounts of the Company as contained in its annual report for the year ended 31 December 2020) in the event that the Repurchase Mandate were to be exercised in full at any time during the proposed repurchased period. However, the Directors do not propose to exercise the Repurchase Mandate to such extent as would, in the circumstances, have a material adverse effect on the working capital or the gearing level which in the opinion of the Directors are from time to time appropriate for the Company.

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LETTER FROM THE BOARD

Share Prices

The highest and lowest prices at which the Shares traded on the Stock Exchange during each of the previous twelve months preceding the Latest Practicable Date were as follows:

	Price Per Share
	Highest	Lowest
	HK$	HK$
2020
May	0.155	0.077
June	0.151	0.107
July	0.159	0.107
August	0.154	0.126
September	0.144	0.128
October	0.167	0.127
November	0.183	0.141
December	0.234	0.167
2021
January	0.198	0.149
February	0.730	0.145
March	0.660	0.410
April (up to and including the Latest Practicable Date)	0.560	0.510

Undertaking

The Directors have undertaken to the Stock Exchange that, so far as the same may be applicable, they will exercise the powers of the Company to make repurchases pursuant to the Repurchase Mandate and in accordance with the Listing Rules, the Memorandum and Articles of Association of the Company and the applicable laws of the Cayman Islands.

None of the Directors nor, to the best of their knowledge and belief having made all reasonable enquiries, their close associates have any present intention to sell any Shares to the Company in the event that the Repurchase Mandate is approved by the Shareholders.

As at the Latest Practicable Date, no core connected person (as defined in the Listing Rules) of the Company has notified the Company that he/she/it has a present intention to sell Shares to the Company, nor has undertaken not to do so, in the event that the Repurchase Mandate is granted by the Shareholders.

Share Repurchases made by the Company

No repurchase of Shares has been made by the Company (whether on the Stock Exchange or otherwise) in the six months preceding the Latest Practicable Date.

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LETTER FROM THE BOARD

VOTING BY WAY OF POLL

Pursuant to Rule 13.39(4) of the Listing Rules, any votes of the Shareholders at the general meetings must be taken by poll except where the chairman of the meeting, in good faith, decides to allow a resolution which relates purely to a procedural or administrative matter to be voted on by a show of hands. The chairman of the meeting will demand a poll for every resolution put to the vote at the AGM.

RESPONSIBILITY STATEMENT

This circular, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

RECOMMENDATION

The Directors consider that the proposed resolutions as set out in the AGM Notice are all in the best interests of the Company and the Shareholders as a whole and, accordingly, the Directors recommend all the Shareholders to vote in favour of the resolutions at the AGM.

Yours faithfully,

For and on behalf of

Huayi Tencent Entertainment Company Limited

YUEN Hoi Po

Executive Director and Chief Executive Officer

- 10 -

NOTICE OF ANNUAL GENERAL MEETING

華誼騰訊娛樂有限公司

Huayi Tencent Entertainment Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 419)

NOTICE IS HEREBY GIVEN that the annual general meeting of Huayi Tencent Entertainment Company Limited (the ''Company'') will be held at Boardroom 3, Mezzanine Floor, Renaissance Harbour View Hotel Hong Kong, 1 Harbour Road, Wanchai, Hong Kong on Thursday,

20 May 2021 at 10 a.m. for the following businesses:

To receive and consider the report of the directors of the Company (''Directors''), audited financial statements and auditor's report for the year ended 31 December 2020.
(a) To re-elect Mr. CHENG Wu as an Executive Director;
1. To re-elect Mr. CHU Yuguo (who has served as an Independent Non-executive Director for more than 9 years) as an Independent Non-executive Director; and
2. To authorise the board of directors to fix the remuneration of the Directors.
To re-appoint Messrs. PricewaterhouseCoopers as auditor of the Company and to authorise the Board to fix their remuneration.
As special business, to consider and, if thought fit, pass with or without modification, the following resolutions as Ordinary Resolutions of the Company:

ORDINARY RESOLUTIONS

''THAT:
1. subject to paragraph (b) of this Resolution, a general mandate be and is hereby generally and unconditionally given to the directors of the Company (''Directors'') to exercise during the Relevant Period (as hereinafter defined) all the powers of the Company to allot, issue and deal with additional ordinary shares of the Company (''Shares'') and to make or grant offers, agreements and options (including warrants, bonds, debentures, notes and other securities which carry rights to subscribe for or are convertible into Shares) which would or might require the exercise of such powers during or after the Relevant Period (as hereinafter defined).

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NOTICE OF ANNUAL GENERAL MEETING

the aggregate number of Shares to be allotted, issued and dealt with pursuant to the general mandate granted herein, otherwise than pursuant to (i) a Rights Issue (as hereinafter defined); or (ii) an issue of Shares upon the exercise of subscription rights under any option scheme or similar arrangement for the time being adopted for the grant or issue to the grantee as specified in such scheme or similar arrangement of Shares or rights to acquire the Shares; or
1. an issue of Shares upon the exercise of subscription rights or conversion rights attaching to any warrants or convertible notes which may be issued by the Company or any of its subsidiaries; or (iv) an issue of Shares pursuant to any scrip dividend or similar arrangement providing for allotment of Shares in lieu of the whole or part of the dividend on Shares in accordance with the articles of association of the Company (''Articles''), shall not exceed 20% of the number of the issued Shares of the Company as at the date of passing of this Resolution, and the said approval shall be limited accordingly; and
for the purpose of this Resolution:
''Relevant Period'' means the period from the passing of this Resolution until whichever is the earliest of:
1. the conclusion of the next annual general meeting of the Company;
2. the expiration of the period within which the next annual general meeting of the Company is required by the Articles and the applicable laws of the Cayman Islands to be held; or
3. the date on which the authority set out in this Resolution is revoked or varied by an ordinary resolution of the shareholders in general meeting; and

''Rights Issue'' means an offer of Shares, options, warrants, bonds, debentures, notes or other securities giving the right to subscribe for or convertible into Shares, open for a period fixed by the Directors to the holders of Shares, or any class of shares or other securities of the Company, whose names appear on the register of members of the Company (and, where appropriate, to holders of such other class of shares or other securities of the Company entitled to the offer) on a fixed record date in proportion to their then holdings of such Shares (or, where appropriate, such other class of shares or other securities of the Company) as at that date (subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory outside Hong Kong applicable to the Company).''

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NOTICE OF ANNUAL GENERAL MEETING

''THAT:
1. subject to paragraph (b) of this Resolution, the exercise by the Directors during the Relevant Period (as hereinafter defined) of all the powers of the Company to repurchase ordinary shares of the Company (''Shares'') on The Stock Exchange of Hong Kong Limited (''Stock Exchange'') or on any other stock exchange on which the Shares may be listed and recognised by The Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, subject to and in accordance with all applicable laws and the requirements of the Rules Governing the Listing of Securities on the Stock Exchange or of any other stock exchange as amended from time to time, be and is hereby generally and unconditionally approved;
2. the aggregate number of Shares to be repurchased by the Company pursuant to the approval in paragraph (a) of this Resolution shall not exceed 10% of the number of the issued Shares of the Company as at the date of passing of this Resolution and the said approval shall be limited accordingly; and
3. for the purposes of this Resolution, ''Relevant Period'' means the period from the passing of this Resolution until whichever is the earliest of:
4. 1. the conclusion of the next annual general meeting of the Company;
  2. the expiration of the period within which the next annual general meeting of the Company is required by the articles of association of the Company and the applicable laws of the Cayman Islands to be held; or
  3. the date on which the authority set out in this Resolution is revoked or varied by an ordinary resolution of the shareholders of the Company in general meeting.''
''THAT subject to the passing of Ordinary Resolutions nos.4(A) and 4(B) set out in the notice convening this meeting, the general mandate granted to the Directors to exercise the powers of the Company to allot, issue and deal with additional ordinary shares of the Company (''Shares'') pursuant to the Ordinary Resolution no.4(A) set out in the notice convening this meeting be and is hereby extended by the addition thereto of the aggregate number of Shares of the Company repurchased by the

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NOTICE OF ANNUAL GENERAL MEETING

Company under the authority granted pursuant to the Ordinary Resolution no.4(B) set out in the notice convening this meeting, provided that such extended amount shall not exceed 10% of the aggregate number of the issued Shares of the Company as at the date of passing of this Resolution.''

By Order of the Board

Huayi Tencent Entertainment Company Limited

Raymond HAU

Company Secretary

Hong Kong, 14 April 2021

Notes:

The Register of Members of the Company will be temporarily closed from 14 May 2021 to 20 May 2021, both days inclusive, during which period no transfer of shares will be effected. In order to qualify for the attendance at the Company's annual general meeting to be held on Thursday, 20 May 2021, all completed transfer forms accompanied by the relevant share certificates must be lodged with the Company's Hong Kong branch share registrar, Tricor Tengis Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on 13 May 2021.
Any shareholder entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and vote instead of him. A proxy need not be a shareholder of the Company.
In order to be valid, a form of proxy in the prescribed form together with the power of attorney or other authority (if any) under which it is signed must be deposited at the Company's branch share registrar in Hong Kong, Tricor Tengis Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not less than 48 hours before the time fixed for holding the meeting.
Completion and return of the form of proxy will not preclude members from attending and voting at the aforesaid meeting and in such event, the form of proxy will be deemed to be revoked.
If the venue for the AGM is being closed on the date of AGM due to the outbreak of the COVID-19, the AGM will stand adjourned to the same day in the next week at the same time and place, or to such time and place as the Board may determine. The Company will make further announcement in case of an AGM adjournment.

As at the date hereof, the Board comprises executive directors: Mr. CHENG Wu (Vice Chairman), Mr. YUEN Hoi Po (CEO) and independent non-executive directors: Dr. WONG Yau Kar David, GBS, JP, Mr. YUEN Kin, Mr. CHU Yuguo.

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NOTICE OF ANNUAL GENERAL MEETING

PRECAUTIONARY MEASURES FOR THE 2021 AGM

Compulsory body temperature check will be taken for all persons entering the meeting venue, and those with high body temperature (over 37.2 degrees Celsius) will not be allowed to enter the meeting venue;
Requiring all persons entering the meeting venue to wear a surgical face mask. Please note that no surgical face masks will be provided at the meeting venue;
Sanitising hands before entering the meeting venue;
Implementing a social distancing layout for the meeting venue. As a result, only a limited number of seats will be provided;
No food or drink allowed; and
No corporate gift will be distributed.

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Huayi Tencent Entertainment Corporation Limited published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 09:04:01 UTC.

Delayed Hong Kong S.E. Other stock markets 09:54:20 2024-04-24 pm EDT			5-day change	1st Jan Change
0.091 ^HKD	0.00%		+28.17%	-22.22%

Apr. 24	Huayi Tencent Entertainment Makes Various C-Level Changes	MT
Apr. 19	Huayi Tencent in Tie-Up Talks with Goldstream Investment	MT

Huayi Tencent Entertainment Makes Various C-Level Changes	Apr. 24	MT
Huayi Tencent in Tie-Up Talks with Goldstream Investment	Apr. 19	MT
Huayi Tencent Entertainment Company Limited Announces Strategic Cooperation with Goldstream Investment Limited	Apr. 19	CI
Huayi Tencent Entertainment Raises HK$60 Million from Convertible Bond Issue	Mar. 27	MT
Huayi Tencent Entertainment Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Huayi Tencent Entertainment Issues HK$60 Million Bonds	Mar. 22	MT
Huayi Tencent Entertainment to Issue Up to HK$120 Million Convertible Bonds	Mar. 07	MT
Huayi Tencent Entertainment Company Limited announced that it expects to receive HKD 120 million in funding	Mar. 06	CI
Huayi Tencent Entertainment Company Limited(SEHK:419) dropped from S&P Global BMI Index	23-09-18	CI
Huayi Tencent Entertainment's Loss Narrows in H1	23-08-29	MT
Huayi Tencent Entertainment Company Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-28	CI
Huayi Tencent Entertainment Company Limited Announces Executive Changes	23-06-20	CI
Huayi Tencent Unit to Partner with Tencent Cloud for Healthcare Digitization Efforts	23-05-30	MT
Huayi Tencent Entertainment Dilutes Ownership in Pharmaceutical Platform	23-04-18	MT
Huayi Tencent Entertainment Unit Terminates Lease of Eternity Investment Unit	23-04-05	MT
Huayi Tencent Entertainment's Loss More Than Doubles in 2022	23-03-29	MT
Huayi Tencent Entertainment Company Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-29	CI
Huayi Tencent Entertainment Warns of Wider 2022 Loss	23-03-10	MT
Huayi Tencent Entertainment Company Limited Provides Earnings Guidance For the Year Ended 31 December 2022	23-03-09	CI
Huayi Tencent Entertainment to Receive HK$72 Million Loan Facility	22-12-08	MT
Huayi Tencent Entertainment Company Limited Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-30	CI
Huayi Tencent Entertainment Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022	22-08-17	CI
Huayi Tencent Amends Revenue Target Criteria of Drug Retail Platform	22-07-12	MT
Eternity Investment Amasses Stake in Huayi Tencent	22-05-30	MT
Huayi Tencent Entertainment Company Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-31	CI

	1st Jan change	Capi.
HUAYI TENCENT ENTERTAINMENT COMPANY LIMITED	-22.22%	132M
TENCENT HOLDINGS LIMITED	+17.03%	395B
UBER TECHNOLOGIES, INC.	+12.65%	147B
AIRBNB, INC.	+19.61%	102B
PROSUS N.V.	+15.64%	82.25B
SPOTIFY TECHNOLOGY S.A.	+49.66%	60.15B
DOORDASH, INC.	+28.18%	52.26B
COSTAR GROUP, INC.	+5.22%	34.55B
NASPERS LIMITED	+17.51%	32.62B
PINTEREST, INC.	-11.31%	22.54B

Huayi Tencent Entertainment Company Limited

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Huayi Tencent Entertainment : (1) RE-ELECTION OF DIRECTORS (2) GENERAL MANDATE TO ISSUE NEW SHARES AND REPURCHASE ITS OWN SHARES (3) NOTICE OF ANNUAL GENERAL MEETING

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