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.

A8 New Media Group Limited

A8อద᜗ණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 800)

BUSINESS UPDATE -

TERMINATION OF PROPOSED DISPOSAL BY

AN ASSOCIATE COMPANY

Reference is made to the announcement of the Company dated 4 September 2017 of A8 New Media Group Limited ("Company", together with its subsidiaries, the "Group") relating to the proposed disposal by Beijing Duomi Online Technology Co., Ltd.* (̏ԯεϷί㝬߅Ҧٰ ΅Ϟࠢʮ̡) ("Beijing Duomi") of its 14.5924% equity interest in Beijing Meelive Network Technology Co., Ltd.* (̏ԯ႓ഺ෰ၣഖ߅ҦϞࠢʮ̡) ("Beijing Meelive"), a company established in the PRC with limited liability, at a consideration of RMB875,544,000 in cash ("Disposal").

Beijing Duomi is a company established in the PRC with limited liability. As at the date of this announcement, the Group is interested in approximately 22.80% of the issued shares of Beijing Duomi, and therefore Beijing Duomi is an associate company of the Company.

The Company has, after the trading hours on 15 December 2017, been informed by Beijing Duomi that the Disposal had been terminated as a result of a non-fulfilment of a condition precedent to the Disposal.

The Board considers that the termination of the Disposal would not have any adverse effect on the operation of the Group.

On behalf of the Board

A8 New Media Group Limited Chairman & Executive Director

Liu Xiaosong

Hong Kong, 15 December 2017

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

  • (1) Executive Directors namely Mr. Liu Xiaosong and Mr. Lin Qian; and

  • (2) Independent Non-Executive Directors namely Mr. Chan Yiu Kwong, Ms. Wu Shihong and Mr. Li Feng.

*

For identification purpose only

A8 New Media Group Ltd. published this content on 15 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 December 2017 15:01:07 UTC.

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