ATV HOLDINGS (00707) announced that on August 26, 2025, the Company (as plaintiff) filed a writ of summons (together with endorsement of claim) (the "Writ") with case number HCA1584 of 2025 at the High Court of the Hong Kong Special Administrative Region against the following defendants (collectively, the "Defendants"):

Mr. Cha Siu Kong (First Defendant), former Joint Chairman of the Board and former Executive Director, with office at Room 7, 9/F, Kwong Fat Commercial Centre, 48 Kwong Wah Street, Mongkok, Kowloon, Hong Kong; Ms. Miao Jie (Second Defendant) of Room 33-806, Baijiaqiao New Village, Yangshe Town, Zhangjiagang City, Jiangsu Province, China; Ms. Sheng Xiaoli (Third Defendant) of Room 305, Zhongxiao District, Miaoqiao Town, Tangqiao Town, Zhangjiagang City, Jiangsu Province, China; Ms. Li Hua (Fourth Defendant) of No. 154, Miaoqiao Hengjing Residential Area, Tangqiao Town, Zhangjiagang City, Jiangsu Province, China; Ms. Qian Lixia (Fifth Defendant) of No. 18, Group 12, Jincun Village, Tangqiao Town, Zhangjiagang City, Jiangsu Province, China; Ms. Wang Xuefei (Sixth Defendant) of No. 32, Miaoqiao Zhuangjing New Village, Tangqiao Town, Zhangjiagang City, Jiangsu Province, China; Ms. Wu Qiuxia (Seventh Defendant) of No. 27, Xiezhong Group, Miaoqiao Community Residents Committee, Tangqiao Town, Zhangjiagang City, Jiangsu Province, China; Oriental Textile Limited (Eighth Defendant), with registered office at Room 7, 9/F, Kwong Fat Commercial Centre, 48 Kwong Wah Street, Mongkok, Kowloon, Hong Kong; and Mr. Liu Minbin (Ninth Defendant) of Flat A, 26/F, Tower 1, Hoi Tin Dwelling, Areia Preta Central Street, Macau.

The Writ has been issued in relation to, among other things: the placement of at least 80.5005 million shares (representing 6% of ATV's issued share capital) (the "July 19 Improperly Allotted Shares") pursuant to a placement agreement dated June 7, 2024 and completed on or around July 19, 2024, to purportedly independent placees, namely the Second, Third, Fourth and Fifth Defendants (collectively, the "July 19 Purportedly Independent Placees"), who are not genuinely independent but are actually acting in concert under the control, influence and/or interest of the First Defendant; and the placement of at least 249 million shares (representing 12% of ATV's issued share capital) (the "September 30 Improperly Allotted Shares") pursuant to a rights offering announced on August 23, 2024 and completed on or around September 30, 2024, to purportedly independent placees, namely the Sixth and Seventh Defendants (collectively, the "September 30 Purportedly Independent Placees"), who are not genuinely independent but are actually acting in concert under the control, influence and/or interest of the First Defendant.