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 has been prepared pursuant to, and in order to comply with, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Codes on Takeovers and Mergers and Share Buy-backs, and does not constitute an offer to buy, or the solicitation of an offer to sell or subscribe for, any securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to buy, sell or subscribe for any securities.

(Incorporated in Hong Kong with limited liability)

Stock Code: 00511
  1. CONDITIONAL CASH OFFER BY MERRILL LYNCH (ASIA PACIFIC) LIMITED ON BEHALF OF TELEVISION BROADCASTS LIMITED TO REPURCHASE UP TO 120,000,000 SHARES AT HK$35.075 PER SHARE, AND
  2. APPLICATION FOR WHITEWASH WAIVER UPDATE ANNOUNCEMENT
Financial Adviser to the Company

Reference is made to (1) the announcement of the Company dated 24 January 2017 in connection with the original Offer and the Whitewash Waiver (the "Announcement"); (2) the announcement of the Company dated 13 February 2017 setting out the revised terms of the Offer; and (3) the announcement of the Company dated 26 May 2017 on further delay in despatch of the Offer Document. Unless otherwise stated, capitalised terms used herein shall bear the same meanings as those defined in the Announcement.

The Company has today made an application to the High Court of Hong Kong for leave to commence judicial review of (i) the decision of the Takeovers and Mergers Panel that the granting of the Whitewash Waiver should be made conditional on the outcome of the Shareholder vote on the Offer (without adjustment), and (ii) the ruling that no question on whether the Whitewash Waiver should be approved should be put to a separate vote of Shareholders in general meeting.

At this time, there is no certainty that the Offer will proceed. Shareholders and/or potential investors in the Company should therefore exercise caution when dealing in the Shares of the Company.

By Order of the Board Adrian MAK Yau Kee Company Secretary

Hong Kong, 29 May 2017

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

Chairman and Non-executive Director

Dr. Charles CHAN Kwok Keung

Vice Chairman and Non-executive Director

LI Ruigang

Executive Directors

Mark LEE Po On Group Chief Executive Officer

CHEONG Shin Keong General Manager

Non-executive Directors

Mona FONG

Anthony LEE Hsien Pin CHEN Wen Chi

Thomas HUI To

Independent Non-executive Directors

Dr. Raymond OR Ching Fai SBS, JP

Dr. William LO Wing Yan JP

Professor Caroline WANG Chia-Ling Dr. Allan ZEMAN GBM, GBS, JP

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement contained in this announcement misleading.

TVB - Television Broadcasts Ltd. published this content on 29 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 May 2017 10:04:11 UTC.

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