Completion of Allotment of New Shares under General Mandate

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.This announcement is for information purpose only and does not constitute an invitation or offer to acquire purchase or subscribe for the Shares or other securities of the Company.(Incorporated in Hong Kong with limited liability) Stock Code: 00511 COMPLETION OF ALLOTMENT OF NEW SHARES UNDER GENERAL MANDATE Reference is made to the announcement of Television Broadcasts Limited dated 13 May 2024 (the “Announcement”) in relation to among others the GF Subscription. Unless otherwise defined capitalized terms used herein shall have the same meanings as those defined in the Announcement.COMPLETION OF THE GF SUBSCRIPTION The Board is pleased to announce that all conditions set out in the GF Subscription Agreement have been fulfilled and the completion of the GF Subscription (the “Completion”) took place on 28 May 2024. An aggregate of 8743836 new Shares have been allotted and issued by the Company to GF Global.USE OF PROCEEDS As set out in the Announcement the net proceeds from the issue of GF Subscription Shares (after deducting the related expenses) amounted to approximately HK$28.50 million which will be used for general corporate purposes including working capital for the Group’s drama co-production projects with mainland Chinese streaming platform partners.The Group expects to commence filming and production of ten co-production drama titles in the second half of 2024 which is a relatively large number of titles for the Group to produce within such a period. Subject to the timing and cash expense cycles of the different dramas involved the Group expects to fully utilize the net proceeds from the GF Subscription before 31 December 2024. 1EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY The shareholding structure of the Company (i) immediately before Completion; and (ii) immediately upon Completion is set out below: Immediately before Immediately after Completion Completion Number of Number of issued Shares % issued Shares % SBL (1)(2)(3) 96817527 22.09 96817527 21.66 Silchester International Investors LLP (4) 53577200 12.23 53577200 11.99 GF Global – – 8743836 1.96 Other Public Shareholders 287823273 65.68 287823273 64.40 Total 438218000 100.00 446961836 100.00 Notes: 1. SBL is the registered shareholder of 96817527 Shares (excluding the deemed interest in the SBL Subscription Shares). SBL is a wholly-owned subsidiary of YLA which is in turn a wholly-owned subsidiary of YLH. YLH is controlled by EPL which is in turn wholly-owned by Mr. Kenneth Hsu Kin a non-executive Director (“Mr. Hsu”). Therefore YLA YLH and EPL are deemed to be interested in the same 96817527 Shares held by SBL (excluding the deemed interest in the SBL Subscription Shares). 2. CMC M&E Acquisition is deemed to be interested in the same 96817527 Shares held by SBL (excluding the deemed interest in the SBL Subscription Shares). Such interests are held through its interest in YLH.CMC M&E Acquisition is a wholly-owned subsidiary of CMC M&E Holdings Limited which is in turn a wholly-owned subsidiary of CMC Group Corporation. CMC Group Corporation is wholly-owned by Brilliant Spark Holdings Limited which is in turn wholly-owned and controlled by Mr. Li Ruigang. 3. Mr. Hsu EPL CMC M&E Acquisition YLH YLA and SBL are the parties of an agreement to hold the interest in these 96817527 Shares (excluding the deemed interest in the SBL Subscription Shares). Such agreement is an agreement to which Section 317 of the SFO applied. 4. Silchester International Investors LLP is deemed to be interested in the shares held by Silchester International Investors International Value Equity Trust and certain commingled funds in the capacity of investment manager. As at the date of this announcement Silchester International Investors International Value Equity Trust is interested in 25827100 Shares representing 5.78% of the total issued Shares immediately after Completion. 25. The percentage figures have been subject to rounding adjustments. Any discrepancies between totals and sums of amounts listed herein are due to rounding adjustments. 6. These scenarios are for illustrative purpose only. By order of the Board CHAN Shu Hung Acting Company Secretary Hong Kong 28 May 2024 As at the date of this announcement the Board of the Company comprises: Executive Chairman Thomas HUI To Non-executive Directors LI Ruigang Anthony LEE Hsien Pin Kenneth HSU Kin Independent Non-executive Directors Dr. William LO Wing Yan JP Dr. Allan ZEMAN GBM GBS JP Felix FONG Wo BBS JP 3