China Digital Video Holdings Limited (the “Company”) released additional information regarding its major and connected transaction on 9 February 2026. The update relates to a capital reduction in a joint venture initially disclosed by the Company on 19 January 2026 and provides further details about the other joint venture partners and the delayed schedule for dispatching the corresponding circular.

The new details clarify the ownership structures of various partners involved in the joint venture, including several limited partnerships and their respective general partners. The capital reduction has already been approved by the Board, while independent non-executive directors determined the terms to be fair and reasonable. Under the GEM Listing Rules, the transaction is classified as a connected transaction but qualifies for an exemption from the circular, independent financial advice, and shareholders’ approval requirements.

According to the Company, additional time is needed to finalize certain information for the circular, such as working capital details. The circular is now expected to be dispatched on or before 31 March 2026.