ATV HOLDINGS(00707) subsidiary approximately 690 million shares were forcibly sold. The company stated that it will investigate and seek legal advice.

ATV HOLDINGS (00707) announces that the company has learned that approximately 690 million ordinary shares of its indirect subsidiary (collectively referred to as the "Group"), Asia Television Limited (Asia Television), were sold by the receiver, on behalf of Star Platinum, for approximately HK$200 million to Prestige Media Limited (a company registered in the British Virgin Islands) on November 14, 2025 (forced sale). As of the date of this announcement, the company's board of directors does not have sufficient information or documents to evaluate the asset status of Asia Television or the financial and operational impact of the forced sale on the Group. The company will continue to conduct inquiries and obtain further information and documents on the matter. The company is seeking legal advice on whether the forced sale complies with all applicable laws and relevant agreement terms. The company will take all necessary legal actions to safeguard the interests of the Group when appropriate and necessary. Furthermore, trading of the company's shares remains suspended.