Seven Major Negligence TV Broadcasting Accused by Minority Shareholders: The content is groundless and must be clarified to set the record straight

In response to the “Open Letter to the “TVB” Board of Directors” circulated on the Internet, Television Broadcasts (TVB) (00511.HK) issued a statement stating that the content of the allegations is groundless and needs to be clarified to set the record straight.

The statement pointed out that in the past few years, Hong Kong has been hit by both social movements and the new crown epidemic. Under the difficult environment, TVB still maintained a good performance. TVB’s flagship TV channel is still the TV channel with the most viewers in Hong Kong. The rate remained above 25 points, and the audience share was 77%. The mainland business climbed 42% in the first half of last year.

The statement also pointed out that TVB attaches great importance to the level of corporate governance, strictly abides by the listing rules and broadcasting regulations, maintains a transparent governance model with shareholders and stakeholders, and is committed to seeking long-term sustainable development for shareholders while operating well. s return. Regarding the allegations in the open letter, TVB strongly denies and reserves the right to pursue legal action.

(ca/da)~ Aastocks Financial News Website: www.aastocks.com

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