Asia Television : APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CO-CHAIRMAN

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

ASIA TELEVISION HOLDINGS LIMITED

亞 洲 電 視 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 707)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CO-CHAIRMAN

This announcement is made by Asia Television Holdings Limited (the "Company"), together with its subsidiaries (the "Group"), pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock

Exchange").

Appointment of Dato' Sri Lai Chai Suang

The board of directors (the "Director") of the Company (the "Board") is pleased to announce that Dato' Sri Lai Chai Suang ("Dr. Lai ") has been appointed as a non-executive Director and the Co- Chairman of the Company with effect from 20 December 2019.

The biographical details of Dr. Lai are as follows:

Dr. Lai, aged 49, she holds a Honorary Doctorate Degree of Humanities from Southwest State University, Russia. As advised by Dr. Lai, she is the founder of Mon Space (London) Limited in the United Kingdom, currently the group's chief executive officer and responsible for managing daily operations of the group. She is also a board member of Mon Space Net Inc., a company incorporated in Malaysia and listed on the OTC market of the United States (OTC Stock Code: MSNI). As advised by Dr. Lai, her entrepreneurial projects started in the trading industry and then expanded to telecommunications, food and beverage and real estate across Asia. Subsequently, Mon Space (London) Limited has recently penetrated into digital & consumer electronics, including online shopping platforms with the concepts of health and beauty. As an outstanding entrepreneur, Dr. Lai has been active in leading women's roles and is known in Malaysia for her strong acumen in business and inspirational speech.

Dr. Lai has entered into a letter of appointment with the Company for an initial term of two years commencing on 20 December 2019. The appointment will be renewable automatically for successive term of one year only commencing from the next date after the expiry of the then current term of her appointment unless terminated by either party giving not less than three months' prior notice in writing to the other. Dr. Lai is entitled to a director's remuneration of HK$960,000.00 per annum, which was determined by the Board and the remuneration committee of the Board with

1

reference to her duties and responsibilities with the Company.

Dr. Lai is appointed for an initial term of two years, but will retire at the next following annual general meeting of the Company pursuant to article 86(3) of the Company's articles of association.

Save as disclosed above and as advised by Dr. Lai, she has not held any other directorship in other public companies, the securities of which are listed on any securities market in Hong Kong or overseas for the last three years.

Save as disclosed above and as advised by Dr. Lai, as at the date of this announcement, Dr. Lai does not have any interest in the shares of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above and as advised by Dr. Lai, so far as the Directors are aware, as at the date of this announcement, Dr. Lai does not hold any other positions in the Company or its subsidiaries; and does not have any other relationship with any other Directors, senior management, substantial shareholders or controlling shareholders of the Company.

In relation to Dr. Lai's appointment, save as disclosed above, there is no other information that is required to be disclosed pursuant to the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there is no other matters that need to be brought to the attention of the holders of securities of the Company or the Stock Exchange.

The Board would like to take this opportunity to welcome Dr. Lai for joining the Board.

By order of the Board

Asia Television Holdings Limited

Deng Junjie

Chairman

Hong Kong, 20 December 2019

As at the date of this announcement, the Board comprises Mr. Deng Junjie, Mr. Wang Jiasi, Mr. Chan Wai Kit, Mr. Sze Siu Bun and Ms. Sun Tingting as executive Directors, Dato' Sri Lai Chai Suang as non-executive Director, Ms. Han Xingxing, Mr. Li Yu and Ms. Wong Chi Yan as independent non-executive Directors.

2