Asia Television Holdings Limited (ATV Holdings, 00707) has released a circular confirming that Oriental Textile Products Ltd., holder of 248.59 million shares (≥10 % of issued share capital), has formally requisitioned an extraordinary general meeting (EGM) for 6 March 2026 in Hong Kong.

Key agenda items to be put to shareholders include:

1. Board Re-composition • Ratification of the 12 Aug 2025 removal of five directors, including former executive directors Tang Po Yi and Lu Zhiqiang, and three former independent non-executive directors (INEDs). • Validation of all subsequent board appointments on 4 Sep 2025, notably INEDs Tsao Hoi Ho, Dai Lei and Kuang Feng, and confirmation that the current board—led by executive directors Liu Minbin and Zha Mengling—is duly constituted with full authority. • Confirmation of the 12 Aug 2025 replacement of company secretary/authorised representative Ho Yuk Ming Hugo with Yu Tak Shing Eric.

2. Corporate Governance & Validity of Prior Actions • Affirmation that all procedural or notice-related irregularities at the 12 Aug 2025 EGM and subsequent meetings are to be deemed valid. • Declaration that any acts executed by the removed directors after 12 Aug 2025 are unauthorised and non-binding on the company. • Recognition of Oriental Textile Products Ltd. as a legitimate shareholder with full voting rights.

3. Capital & Transactions • Full ratification of the 1-for-2 rights issue completed in 2024 that allotted 124.30 million new shares each to subscribers Wang Xuefei and Wu Qiuxia, notwithstanding allegations of connected-party involvement.

4. Financial Restructuring Framework • A proposed restructuring backed by unsecured creditors with aggregate claims of approximately HKD 175.50 million—comprising loans and convertible bonds owed to Zha Xiaogang (HKD 76.85 million), Wang Xuefei & Wu Qiuxia (HKD 76.76 million) and Liu Minbin (HKD 22.00 million). • Creditors support converting debt to equity or equity-linked instruments, principal haircuts and interest-free deferments, and oppose liquidation. • Largest shareholder Oriental Textile Products Ltd. has pledged to fund restructuring expenses and payroll until trading in ATV Holdings’ shares resumes.

5. Investigations & Legal Actions • Mandates to probe: – A HKD 12.00 million 2020 purchase of crypto-mining equipment from Asia Digital Assets Trading Service Group Ltd., involving former director Tang Po Yi and related parties. – Potential conflicts involving ex-INED Lu Zhiqiang, including a HKD 4.00 million loan, remuneration issues and EGM conduct. – A HKD 0.10 million disposal of the group’s entire stake in Asia Television (China) Holdings Ltd., alleged to be at undervalue. • Authority to pursue recovery of company assets, challenge doubtful debts or security interests, and seek legal redress against former directors, officers or counterparties.

6. Insolvency-Related Resolutions • Authorisation to withdraw the winding-up petition filed in the Cayman Islands on 17 Oct 2025, following its dismissal on 27 Oct 2025. • Parallel authority to apply to the Hong Kong High Court for the appointment of joint provisional liquidators tasked with executing the approved restructuring and investigating past transactions.

Administrative Details • Record date for voting entitlement: 6 Mar 2026. • Share transfer books closed: 3–6 Mar 2026 (both dates inclusive). • All EGM resolutions will be decided by poll, with results to be announced post-meeting.

Shareholders are advised to lodge proxy forms with Tricor Investor Services by 4 March 2026, 9:00 a.m. Attendance in person will override lodged proxies.