Group 1 - The company, Fubo Group (03738), announced the issuance of bonds totaling HKD 1.6 billion [1] - All conditions precedent under the subscription agreement have been fulfilled, with the bond issuance scheduled for completion on September 29, 2025 [1] - The bonds will be listed on the Vienna MTF operated by the Vienna Stock Exchange on September 29, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 本公告僅為提供信息之目的，並不構成收購、購買或認購證券的邀請或招攬要約，或邀請訂立協議作出任何 上述行動，亦不被視作邀請任何收購、購買或認購任何證券之要約。 本 公 告 並 非 於 美 國（ 包 括 其 領 土 和 屬 地 、 美 國 任 何 州 份 和 哥 倫 比 亞 地 區 ）出 售 證 券 的 要 約 或 邀 請 或 其 組 成 部 分。本公告或其任何內容或其任何副本亦不得攜進美國境內或於美國境內直接或間接派發。除非本公告所述 證券根據1933年美國證券法（ 經修訂（）「證券法」）登記或獲豁免遵守證券法或美國任何其他適用證券法律的登 記規定，否則有關證券並無亦不會根據證券法或美國任何其他適用證券法律登記，且不得於美國提呈發售、 出售或以其他方式轉讓。任何在美國提呈的證券公開發售必須由本公司刊發招股說明書，當中須載列本公司 及管理層以及財務報表的詳細資料。本公司無意在美國公開發售任何證券。 Vobi ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 Vobile Group Limited 阜 博 集 團 有 限 公 司 （ 於開曼群島註冊成立的有限公司） 補充公告 建議根據一般授權發行 1,600,000,000港元2026年到期的零息可換股債券 茲提述阜博集團有限公司（「本公司」）日期為2025 年9 月23日內容有關（ 其中包括 ）建議發行 本公司可換股債券的公告（「該公告」）。除文義另有所指外，本公告所用詞彙與該公告所界 定者具有相同涵義。 本 公 告 旨 在 提 供 有 關 AIGC 及 RWA 相 關 業 務 的 商 業 計 劃 以 及 一 般 營 運 資 金 使 用 情 況 的 額 外 信息。 本 集 團 大 力 開 發 AIGC 及 RWA 相 關 產 品 ， 以 推 動 創 作 者 經 濟 ， 並 將 其 核 心 能 力 從 服 務 好 萊 塢 主 要 影 視 公 司 擴 展 至 獨 立 創 作 者 。 本 集 團 一 直 為 其 ...

Core Viewpoint - Fubo Group plans to issue zero-coupon convertible bonds totaling HKD 1.6 billion, with net proceeds expected to be approximately HKD 1.566 billion, aimed at funding AI-generated content and real-world asset-related businesses, debt repayment, and general working capital [1][1][1] Group 1: Company Financials - The company’s stock rose over 5% in early trading, currently at HKD 5.32 with a trading volume of HKD 204 million [1][1][1] - The estimated net issuance price for new shares is HKD 5.75 per share based on the initial conversion price [1][1][1] Group 2: Business Strategy - 50% of the bond proceeds will be allocated to developing and investing in AI-generated content (AIGC) and real-world asset (RWA) related businesses [1][1][1] - 30% of the funds will be used to repay existing debts, while 20% will be allocated for general working capital [1][1][1] Group 3: Industry Position - Fubo Group is recognized as a leader in the global copyright protection third-party technology service industry, possessing key advantages in data reserves, algorithm capabilities, and proprietary APIs [1][1][1] - The company is expected to benefit from the long-term demand for copyright protection from major content providers and streaming platforms, as well as new opportunities in protecting original assets generated by AI [1][1][1]

Core Viewpoint - Fubo Group (03738) plans to issue zero-coupon convertible bonds totaling HKD 1.6 billion, with an estimated net proceeds of approximately HKD 1.566 billion, aimed at funding AI-generated content and real-world asset-related businesses, debt repayment, and general working capital [1] Group 1: Company Financials - The company’s stock rose over 5% in early trading, currently at HKD 5.32, with a trading volume of HKD 204 million [1] - The estimated net issuance price for new shares is HKD 5.75 per share based on the initial conversion price [1] Group 2: Use of Proceeds - 50% of the proceeds from the bond issuance will be allocated to the development and investment in AI-generated content (AIGC) and real-world asset (RWA) related businesses [1] - 30% will be used to repay existing debts [1] - 20% will be allocated for general working capital [1] Group 3: Industry Position - Fubo Group is recognized as a leader in the global copyright protection third-party technology service industry, with core advantages in data reserves, algorithm capabilities, and proprietary APIs [1] - The demand for copyright protection from major content providers and streaming platforms is expected to remain strong, with AI-generated video creation potentially increasing both creative efficiency and the supply of infringing content, presenting new opportunities for AIGC original asset protection [1] - The company is positioned in a high-quality sector with competitive advantages, likely to maintain a high growth trajectory [1]

Group 1 - The company has entered into a subscription agreement to issue bonds totaling HKD 1.6 billion, with an initial conversion price of HKD 5.87 per share, representing a premium of approximately 15.10% over the last closing price of HKD 5.10 on the transaction date [1] - If fully converted, the bonds will convert into approximately 273 million shares, accounting for about 10.92% of the existing issued shares and approximately 9.84% of the enlarged issued shares post-conversion [1] - The estimated net proceeds from the bond issuance will be approximately HKD 1.566 billion, with a net issue price of HKD 5.75 per new share based on the initial conversion price [1] Group 2 - The company plans to allocate 50% of the net proceeds from the bond issuance for the development and investment in Artificial Intelligence Generated Content (AIGC) and Real World Assets (RWA) related businesses, 30% for repaying existing debts, and 20% for general working capital to support operational activities [2] - The bonds are intended to be listed on the Vienna MTF operated by the Vienna Stock Exchange, and the company will apply for the listing of the new shares on the Hong Kong Stock Exchange upon conversion [2]

Group 1 - The company announced a subscription agreement for the issuance of bonds totaling HKD 1.6 billion, with an initial conversion price of HKD 5.87 per share, representing a premium of approximately 15.10% over the last closing price of HKD 5.10 on the Hong Kong Stock Exchange on the date of the agreement [1] - Assuming full conversion of the bonds at the initial conversion price, approximately 273 million shares will be issued, accounting for about 10.92% of the existing issued shares and about 9.84% of the enlarged issued shares post-conversion [1] - The estimated net proceeds from the bond issuance will be approximately HKD 1.566 billion, with a net issue price of HKD 5.75 per new share based on the initial conversion price [1] Group 2 - The company plans to allocate 50% of the net proceeds from the bond issuance for the development and investment in Artificial Intelligence Generated Content (AIGC) and Real World Assets (RWA), 30% for repaying existing debts, and 20% for general working capital to support operational activities [2] - The bonds are intended to be listed on the Vienna MTF operated by the Vienna Stock Exchange, and the company will apply for the listing of the bonds [2] - The company will also seek approval from the Hong Kong Stock Exchange for the listing and trading of new shares to be issued upon conversion of the bonds [2]

Group 1 - The company, Fubo Group (03738.HK), has entered into a subscription agreement with CITIC Securities and HSBC to issue bonds totaling HKD 1.6 billion [1] - The initial conversion price of the bonds is set at HKD 5.87 per share, representing a premium of approximately 15.10% over the last closing price of HKD 5.10 on September 22 [1] - If fully converted at the initial conversion price, the bonds could convert into approximately 273 million shares, accounting for about 10.92% of the existing issued shares as of the announcement date [1] Group 2 - The estimated net proceeds from the bond issuance will be approximately HKD 1.566 billion, with a net issue price of HKD 5.75 per new share [2] - The company plans to allocate 50% of the net proceeds for the development and investment in AI-generated content (AIGC) and real-world assets (RWA) related businesses, 30% for repaying existing debts, and 20% for general working capital to support the group's operations [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 本 公 告 並 非 於 美 國（ 包 括 其 領 土 和 屬 地 、 美 國 任 何 州 份 和 哥 倫 比 亞 地 區 ）出 售 證 券 的 要 約 或 邀 請 或 其 組 成 部 分。本公告或其任何內容或其任何副本亦不得攜進美國境內或於美國境內直接或間接派發。除非本公告所述 證券根據1933年美國證券法（ 經修訂（）「證券法」）登記或獲豁免遵守證券法或美國任何其他適用證券法律的登 記規定，否則有關證券並無亦不會根據證券法或美國任何其他適用證券法律登記，且不得於美國提呈發售、 出售或以其他方式轉讓。任何在美國提呈的證券公開發售必須由本公司刊發招股說明書，當中須載列本公司 及管理層以及財務報表的詳細資料。本公司無意在美國公開發售任何證券。 Vobile Group Limited 阜 博 集 團 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：3738） 建議根據一般授權發行 1,600 ...

Summary of the Conference Call for Fubo Group Company Overview - **Company**: Fubo Group - **Industry**: Digital Content and Copyright Protection Key Points and Arguments 1. **Financial Performance**: In the first half of 2025, Fubo Group reported a total revenue growth of 23% year-on-year and a profit increase of nearly 120%, exceeding 100 million RMB, primarily driven by the application of multimodal tools and deep AI involvement [2][7][21]. 2. **Active Assets**: As of June 30, 2025, Fubo Group managed 4.29 million active assets, with approximately 3% (140,000) created with deep AI involvement, enhancing monetization systems and creator productivity [2][3][8]. 3. **YouTube Revenue**: Revenue from the YouTube platform accounts for about 1% of total income, with significant growth potential as the company has maintained over 30% growth on overseas YouTube platforms in recent years [2][11]. 4. **Copyright Protection Services**: Fubo Group collaborates with Ant Group to provide copyright protection services for over 3 million small and medium-sized content creators, innovating the development approach in the Chinese market [2][24]. 5. **Improving Copyright Environment**: The domestic copyright protection environment is gradually improving, as evidenced by a significant penalty against Kuaishou for infringement, indicating increased demand for infringement identification and monitoring services [2][23]. Industry Dynamics 1. **AI in Content Creation**: The emergence of AI-generated video content, such as sequels to popular IPs, has led to significant advertising revenue growth. AI technology is applied in three main areas: rewriting known film segments, creating new stories using IP characters, and generating entirely original content [3][5][6]. 2. **Future Growth Drivers**: The penetration of AI technology in content creation is expected to increase due to lower production costs, clearer legal frameworks, and improved computational power and tool usability [5]. 3. **Monetization on Social Media**: AI-generated content has a vast monetization potential on social media, differing from traditional film industries. The company aims to enhance its rights management capabilities to support new content types [6][11]. 4. **RWA Business Development**: Fubo Group is entering the Real World Asset (RWA) sector as a trusted digital content provider, addressing asset ownership and investor identity issues [4][18]. Additional Insights 1. **Market Opportunities**: The company sees significant growth opportunities in the social media monetization space, particularly on platforms like TikTok and emerging short video platforms [12][26]. 2. **Profitability Trends**: Since entering profitability in 2022, the company has shown a consistent upward trend in net profit, with expectations for continued growth despite increased AI R&D investments [22]. 3. **Cultural Export Initiatives**: Fubo Group is actively involved in promoting Chinese culture abroad, leveraging AI technology to overcome language barriers and enhance the localization of Chinese cultural products [25][26]. 4. **Monitoring and Revenue Generation**: The company employs algorithms to determine which content requires ongoing monitoring for infringement and revenue generation, optimizing cost-effectiveness [15][16]. This summary encapsulates the key insights from the conference call, highlighting Fubo Group's financial performance, strategic initiatives, and the evolving landscape of the digital content industry.