Television Broadcasts : Establishment of Regulatory Committee and Changes in Composition of Board Committees

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability)

Stock Code: 00511

ESTABLISHMENT OF REGULATORY COMMITTEE

AND

CHANGES IN COMPOSITION OF BOARD COMMITTEES

The Board announces:

• (a) that the Regulatory Committee has been established and comprises Mr. Felix Fong Wo as chairman of the Regulatory Committee, Dr. William Lo Wing Yan, Mr. Mark Lee Po On and Mr. Desmond Chan Shu Hung as members of the Regulatory Committee; and

• (b) changes in the composition of the Audit Committee, the Nomination Committee and the Risk Committee,

with effect from 24 March 2021.

ESTABLISHMENT OF REGULATORY COMMITTEE

The Board of Directors ("Board") of Television Broadcasts Limited ("Company") announces that a Regulatory Committee of the Board has been established on 24 March 2021. The Regulatory Committee comprises four members, Mr. Felix Fong Wo (Independent Non-executive Director), Dr. William Lo Wing Yan (Independent Non-executive Director), Mr. Mark Lee Po On (Executive Director) and Mr. Desmond Chan Shu Hung (Deputy General Manager (Legal and International Operations)). Mr. Felix Fong Wo has been appointed as chairman of the Regulatory Committee.

The Regulatory Committee undertakes to assist the Board on regulatory and related matters in relation to the terrestrial TV market in Hong Kong.

1

CHANGES IN COMPOSITION OF BOARD COMMITTEES

The Board also announces the following changes in the composition of its Committees with effect from 24 March 2021:

Audit Committee

Ms. Belinda Wong Ching Ying has been appointed as a new member of the Audit Committee and Professor Caroline Wang Chia-Ling will cease to act as a member of the Audit Committee.

Following the above changes, the Audit Committee comprises four members, namely Dr. William Lo Wing Yan (chairman), Mr. Anthony Lee Hsien Pin, Mr. Felix Fong Wo and Ms. Belinda Wong Ching Ying, the majority of whom are Independent Non-executive Directors.

Nomination Committee

Mr. Thomas Hui To has been appointed as chairman of the Nomination Committee, Mr. Felix Fong Wo has been re-designated as a member of the Nomination Committee and Dr. William Lo Wing Yan will cease to act as a member of the Nomination Committee.

Following the above changes, the Nomination Committee comprises five members, namely Mr. Thomas Hui To (chairman), Mr. Anthony Lee Hsien Pin, Dr. Allan Zeman, Mr. Felix Fong Wo and Ms. Belinda Wong Ching Ying, the majority of whom are Independent Non-executive Directors.

Risk Committee

Mr. Kenneth Hsu Kin has been appointed as a new member of the Risk Committee and Professor Caroline Wang Chia-Ling will cease to act as a member of the Risk Committee.

Following the above changes, the Risk Committee comprises four members, namely Mr. Felix Fong Wo (chairman), Mr. Mark Lee Po On, Mr. Kenneth Hsu Kin and Dr. William Lo Wing Yan.

By Order of the Board

Adrian MAK Yau Kee

Company Secretary

Hong Kong, 24 March 2021

As at the date of this announcement, the Board of Directors of the Company comprises:

Chairman and Non-executive Director

Thomas HUI To

Vice Chairman and Executive Director

Mark LEE Po On JP, Group Chief Executive Officer

Non-executive Directors

LI Ruigang

Anthony LEE Hsien Pin CHEN Wen Chi Kenneth HSU Kin

Independent Non-executive Directors Dr. William LO Wing Yan JP

Professor Caroline WANG Chia-Ling Dr. Allan ZEMAN GBM, GBS, JP Felix FONG Wo BBS, JP Belinda WONG Ching Ying