Official Statement

(17 March 2023, Hong Kong) The market has been hit hard by the COVID-19 pandemic in the past few years. The global economy has been clouded by uncertainties and continues to underperform. All industries have suffered unprecedented economic losses, and TVB is no exception. Since the beginning of 2021, the Group has carried out extensive reforms in order to actively embark on a path towards new media for the television industry. In the past two years, the new management team has reshaped and strengthened TVB brand's solid foundations, allowing TVB to successfully embark on the road of new media development. This ultimately leads to the creation of a brand-new, cohesive and energetic TVB in terms of business development and management.

Our Group has great respect for the opinions and support of shareholders, and is committed to deliver best returns to them. That said, we do not tolerate or condone the dissemination of misleading information about the Company, attempts to tarnish the Company's reputation without contacting any members of the management team, or making personal attacks towards our management. We reserve the right to pursue legal action against any unlawful acts or false accusations.