Transmit Entertainment Formed Collaborative Relationship with Artistes, Agents and Scriptwriters

Builds Comprehensive Film and Television Entertainment and Culture Empire

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BEIJING, CHINA - Media OutReach - 15 January 2019 – Transmit Entertainment Limited (“Transmit Entertainment” or the
“Company”, together with its subsidiaries, the “Group”; stock code: 1326) today
announced that it has formed collaborative relationship with various artistes,
agents and scriptwriters to add to its talent pool and enhance its competitive
edge and reputation in the film and television industry across the Greater
China region.

 

At its
corporate and business development briefing in Beijing today, with many guests
and entertainment celebrities in attendance, the Group hosted a ceremony to
kick off its cooperation with various artistes, agents and scriptwriters. The
Group also showed projects of its film and television and variety shows, plus
explained its future development direction. It believes the strategy will give
it new impetus to grow and therefore is conducive to the long-term development
of its business.

 

Ms. Zhao Wenzhu, President and Executive Director of
Transmit Entertainment, said, “We are very
happy with marking yet another milestone after acquiring Khorgas Houhai Culture
Media Company Limited (“Houhai Culture”) last year. The latest cooperative partnerships
will allow the Group to build on its existing firm foundation and continue diversifying
its film and television entertainment cultural business, and, in turn, deliver yet
more quality films and television productions to consumers to satisfy their varied
entertainment preferences.”

 

“Looking
forward, alert to the huge development potential of film and television
business in the Greater China region, the Group will continue to look for
investment opportunities in quality entertainment projects worldwide and also
grasp development opportunities bred by the upgrade in the consumption of
entertainment content. Our goal is to build Transmit Entertainment into a
leading comprehensive film and television entertainment provider and,
ultimately, create long-term value for shareholders.”

 

In August 2018, at RMB450 million, Transmit Entertainment
completed the acquisition of Houhai Culture, which has a professional film and
television planning and production team expert in content creation. Armed with
extensive industry experience and connections in such areas as film and
television programme planning, production and distribution, the team is capable
of scriptwriting, shooting, post-production, distribution and marketing
functions. The strategic acquisition not only gives the Group the Broadcasting And television
Program Production And Operation License (???????????) held by Houhai Culture and therefore
access to the huge and potential-rich showbiz sector in mainland China. It also
confers on the Group the intellectual property rights of Houhai Culture’s
variety shows and television series, enabling it to quickly develop into a film
and television entertainment provider with a complete industry chain.

 

About
Transmit Entertainment Limited (stock code?1326)

Transmit Entertainment is a media and entertainment
company with a diverse portfolio. Its main businesses include: (i) production,
distribution and licensing of variety shows, television series and films; (ii)
screening of films; (iii) post-production; and (iv) advertising, marketing and
publication. The Group mainly produces Chinese films, television entertainment
programs and television drama series for the Hong Kong and Mainland China
markets. It also operates five cinemas and one post-production company in Hong
Kong. Its subsidiary Houhai Culture has a professional film and television
production team particularly adept in producing variety shows and television
drama series, from screenwriting, shooting, post-production to distribution and
marketing. It also owns copyrights to a large number of television drama series
and has been closely cooperating with top-tier broadcast networks and online
streaming platforms.