Builds Comprehensive Film and Television Entertainment and Culture Empire

BEIJING, CHINA - Media OutReach - 15 January 2019 - Transmit Entertainment Limited ("Transmit Entertainment" or the"Company", together with its subsidiaries, the "Group"; stock code: 1326) todayannounced that it has formed collaborative relationship with various artistes,agents and scriptwriters to add to its talent pool and enhance its competitiveedge and reputation in the film and television industry across the GreaterChina region.

At itscorporate and business development briefing in Beijing today, with many guestsand entertainment celebrities in attendance, the Group hosted a ceremony tokick off its cooperation with various artistes, agents and scriptwriters. TheGroup also showed projects of its film and television and variety shows, plusexplained its future development direction. It believes the strategy will giveit new impetus to grow and therefore is conducive to the long-term developmentof its business.

Ms. Zhao Wenzhu, President and Executive Director ofTransmit Entertainment, said, "We are veryhappy with marking yet another milestone after acquiring Khorgas Houhai CultureMedia Company Limited ("Houhai Culture") last year. The latest cooperative partnershipswill allow the Group to build on its existing firm foundation and continue diversifyingits film and television entertainment cultural business, and, in turn, deliver yetmore quality films and television productions to consumers to satisfy their variedentertainment preferences."

"Lookingforward, alert to the huge development potential of film and televisionbusiness in the Greater China region, the Group will continue to look forinvestment opportunities in quality entertainment projects worldwide and alsograsp development opportunities bred by the upgrade in the consumption ofentertainment content. Our goal is to build Transmit Entertainment into aleading comprehensive film and television entertainment provider and,ultimately, create long-term value for shareholders."

In August 2018, at RMB450 million, Transmit Entertainmentcompleted the acquisition of Houhai Culture, which has a professional film andtelevision planning and production team expert in content creation. Armed withextensive industry experience and connections in such areas as film andtelevision programme planning, production and distribution, the team is capableof scriptwriting, shooting, post-production, distribution and marketingfunctions. The strategic acquisition not only gives the Group the Broadcasting And televisionProgram Production And Operation License (廣播電視製作經營許可證) held by Houhai Culture and thereforeaccess to the huge and potential-rich showbiz sector in mainland China. It alsoconfers on the Group the intellectual property rights of Houhai Culture'svariety shows and television series, enabling it to quickly develop into a filmand television entertainment provider with a complete industry chain.

AboutTransmit Entertainment Limited (stock code：1326)

Transmit Entertainment is a media and entertainmentcompany with a diverse portfolio. Its main businesses include: (i) production,distribution and licensing of variety shows, television series and films; (ii)screening of films; (iii) post-production; and (iv) advertising, marketing andpublication. The Group mainly produces Chinese films, television entertainmentprograms and television drama series for the Hong Kong and Mainland Chinamarkets. It also operates five cinemas and one post-production company in HongKong. Its subsidiary Houhai Culture has a professional film and televisionproduction team particularly adept in producing variety shows and televisiondrama series, from screenwriting, shooting, post-production to distribution andmarketing. It also owns copyrights to a large number of television drama seriesand has been closely cooperating with top-tier broadcast networks and onlinestreaming platforms.