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.

ANNOUNCEMENT

Reference is made to the announcement made by Hong Kong Television Network Limited (the

"Company") on 6 January 2014.

On 9 January 2014, the High Court of the Hong Kong Special Administrative Region has granted leave to the Company to apply for judicial review against the decision of the Chief Executive in Council made on 15 October 2013 in refusing to approve the Company's application for a domestic free television programme service licence in Hong Kong. According to the Rules of the High Court, the Company will issue an originating summons for judicial review against the Chief Executive in Council within 14 days after 9 January 2014.

Further announcement will be made by the Company as and when appropriate in accordance with the Listing Rules.

Shareholders of the Company and/or investors are advised to exercise caution when dealing in the Company's securities.

By Order of the Board

Hong Kong Television Network Limited Wong Wai Kay, Ricky Chairman

Hong Kong, 10 January 2014

As at the date of this announcement, the executive directors of the Company are Mr. Wong Wai Kay, Ricky (Chairman), Mr. Cheung Chi Kin, Paul (Vice Chairman), Ms. To Wai Bing (Chief Executive Officer), Ms. Wong Nga Lai, Alice (Chief Financial Officer); the non-executive director is Dr. Cheng Mo Chi, Moses; and the independent non-executive directors are Mr. Lee Hon Ying, John, Mr. Peh Jefferson Tun Lu, and Mr. Mak Wing Sum, Alvin.

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