HUYA Amends License Agreement for Broadcasting League of Legends Matches with a Tencent Affiliate

Guangzhou Huya Information Technology Co., Ltd. ("Guangzhou Huya"), the variable interest entity of HUYA Inc. (the "Company"), has entered into a supplemental agreement to the License Agreement for Broadcasting League of Legends Matches dated April 27, 2021 (the "License Agreement"), with Tengjing Sports & Culture Development (Shanghai) Co., Ltd., an entity affiliated with Tencent Holdings Limited (the "Supplemental Agreement"), pursuant to which certain amendments were made to the License Agreement with respect to the license arrangement thereunder for the years 2023 through 2025, including, among others: (i) Guangzhou Huya is granted non-exclusive, instead of exclusive, live broadcasting rights and on-demand broadcasting rights under the License Agreement, (ii) the scope of authorized matches for broadcasting in China under the License Agreement is expanded, including adding League of Legends World Championship for 2023 to 2025 (S13-S15), among other things, (iii) the license fee payable by Guangzhou Huya under the License Agreement is decreased to a total of RMB450 million for these three years, and (iv) Guangzhou Huya does not have sub-licensing rights.

The Board of Directors of the Company and the audit committee of the Board of Directors of the Company have each approved the Supplemental Agreement and the transactions under the License Agreement as amended by the Supplemental Agreement.

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HUYA Inc. published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2023 21:09:08 UTC.