The board of China Digital Video Holdings Limited informed the shareholders of the Company that due to delayed settlement of the audit fees to the auditor of the Company, Prism Hong Kong and Shanghai Limited and changes to the personnel of the Company's finance team, the Auditors require additional time to complete the audit works of the Group on the annual results for the year ended 31 March 2024. It is expected that the Company is unable publish the 2023 Annual Results to the Shareholders on or before 30 June 2024. Due to the delay in the publication of the 2023 Annual Results, it is also expected that there may be a possible delay for the Company to dispatch its annual report for the year ended 31 March 2024.

The meeting of the Board for the purposes of, among other things, approving the 2023 Annual Results will also possibly be postponed. The delay in publication of the 2023 Annual Results and the possible delay in dispatch of the 2023 Annual Report will constitute non-compliance of Rules 18.49 and 18.48A of the GEM Listing Rules. The Company will work closely with the Auditors to provide the requested information and documents to complete the audit procedures as soon as possible.

The Company currently expects that the 2023 Annual Results will be published on or before 29 July 2024. In the event that the Company is unable to publish the 2023 Annual Results to the Shareholders on or before 30 June 2024, trading in the shares of the Company on the Stock Exchange is expected to be suspended with effect from 9:00 a.m. on 2 July 2024 until the publication of the 2023 Annual Results.