CMMB Vision Holdings Limited previously disclosed that it has entered MOU to dispose certain of its Low-Power TV assets a corporation ("US Party") incorporated in the United States of America ("US"), (for details please refer to announcement of the Company dated 17 August 2020). The Company announces that such discussion is in advanced stage of negotiating key commercial terms for the disposals and major aspects of the agreement have been reached. In addition, upon completion, the Company expects to enter into service agreements with the US Party to provide technical services to help roll out its ATSC 3.0 digital TV network and its convergence with cellular 4G/5G for delivering Nextgen TV broadcast-broadband services in the US. This will serve as a new revenue path for the Company without carrying heavy assets going forward. The Company owns the US-patented convergence technology (for details please refer to announcement of the Company dated 17 April 2020 and 16 December 2019).