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.
DIGITAL HOLLYWOOD INTERACTIVE LIMITED ༷ഺʝਗණྠϞࠢʮ̡ *
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 2022)
UPDATE ON LEGAL PROCEEDINGS
AGAINST A SUBSIDIARY OF SUBSTANTIAL SHAREHOLDER
Reference is made to the announcement of Digital Hollywood Interactive Limited (the "Company") dated 18 May 2020 (the "Announcement") in relation to the legal proceedings instigated by Guangzhou Zhang Ying Kong Information Technology Company Limited*€ᄿψᙊ છڦࢹ߅ҦϞࠢʮ̡("Guangzhou ZYK"), a wholly-owned subsidiary of the Company, against Shenzhen Qianhai Huanjing Network Technology Co., Ltd.*€ଉέ̹ۃऎˌྤၣഖ߅ҦϞࠢʮ ̡("Qianhai Huanjing"), a wholly-owned subsidiary of 7Road Holdings Limited ("7Road", a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 0797)), in relation to the losses and damages sustained by Guangzhou ZYK as a result of the unilateral termination by Qianhai Huanjing of the IP Licensing Agreements (as defined in the Announcement). Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the Announcement.
The Board wishes to update the Shareholders and potential investors of the Company that hearing of the Legal Proceedings by the Guangzhou Intellectual Property Court has been scheduled on 2 April 2021.
Further announcement(s) will be made by the Company as and when appropriate in accordance with the Listing Rules to keep its Shareholders and potential investors informed of any material development of the Legal Proceedings.
Shareholders and potential investors of the Company are advised to exercise caution in dealing in shares of the Company.
By Order of the Board
Digital Hollywood Interactive Limited
LU Yuanfeng
Chairman and Chief Executive Officer
Hong Kong, 8 March 2021
As at the date of this announcement, the Board comprises three executive directors, namely Mr. LU Yuanfeng, Mr. HUANG Guozhan and Mr. HUANG Deqiang; and three independent non-executive directors, namely Ms. Imma LING Kit-sum, Mr. LI Yi Wen and Mr. LU Qibo.
* For identification purpose only
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Digital Hollywood Interactive Ltd. published this content on 08 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2021 12:26:02 UTC.