Huanxi Media Group Limited has announced the proposed issuance of new shares under a subscription specific mandate and the issuance of warrants and warrant shares under a warrant specific mandate. The company has detailed these actions in a circular to shareholders and referenced related agreements and amendments. The exercise of warrant rights is subject to certain conditions, including compliance with the Takeovers Code and the possible need for a Whitewash Waiver if the warrant subscriber’s interest exceeds 30% of the company’s issued shares or voting rights. As of the latest practicable date, the warrant subscriber has not identified any third-party investors for qualified investments. The company will adhere to applicable Listing Rules should such an investment be identified.