Core Viewpoint - The company is entering into a capital reduction agreement with its joint venture partners, aiming to reduce the registered capital from RMB 31.78 million to RMB 15 million, which will result in the company no longer holding any equity in the joint venture [1] Financial Implications - The capital reduction will provide the company with a financial return of RMB 30 million, enhancing liquidity [1] - The transaction is expected to optimize the company's portfolio and capital recovery strategy by reallocating capital from non-core joint ventures to higher strategic priority areas [1] Strategic Benefits - The reduction of equity in non-core joint ventures will lower the risk exposure and earnings volatility associated with these investments, thereby improving the overall risk profile and resilience of the company [1] - The move will free up management time and operational focus previously dedicated to the joint venture, allowing the company to concentrate on its main operational and growth plans [1]

Core Viewpoint - The company announced a capital reduction agreement for its joint venture, aiming to decrease registered capital from RMB 31.78 million to RMB 15 million, resulting in the company no longer holding any equity in the joint venture after the completion of the capital reduction [1] Financial Implications - The capital reduction will provide the company with financial benefits, including a cash return of RMB 30 million, enhancing liquidity [1] - The transaction is expected to optimize the company's portfolio and capital recovery strategy by reallocating capital from non-core joint ventures to higher strategic priority areas with anticipated returns [1] Strategic Benefits - The capital reduction will lower the risk exposure and revenue volatility associated with non-core joint ventures, thereby improving the overall risk profile and resilience of the company [1] - It will free up management time and operational focus previously dedicated to the regulated joint venture, allowing the company to concentrate on its main operations and growth plans [1]

Group 1 - The core point of the article is that China Digital Video (08280.HK) announced a capital reduction agreement involving its joint venture Beijing Meishe Network Technology, aiming to reduce its registered capital from RMB 31,780,500 to RMB 15,000,000 [1] - The capital reduction agreement involves cash payments to the reducing parties in exchange for the cancellation of their respective equity stakes, after which these parties will no longer hold any equity in the joint venture [1] - As of the announcement date, the joint venture is held approximately 31.47% by New Oriental Beijing and 68.53% by other joint venture partners, and after the capital reduction, the group will no longer own any equity in the joint venture [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，並明確表示概不就因本公告全部或任何部份內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 China Digital Video Holdings Limited 中國數字視頻控股有限公司 （於開曼群島註冊成立的有限公司） 上市規則之涵義 （股份代號：8280） 主要交易 合營企業之資本削減 合營企業之資本削減 本公司宣佈，於二零二六年一月十九日（交易時段後），合營企業（本公司之被投 資公司）與（其中包括）新奧特北京（本公司之全資附屬公司）及其他合資方訂立資 本削減協議。根據資本削減協議，合營企業將實行削減其註冊資本，目標為由人 民幣31,780,500元減至人民幣15,000,000元，並將向削減方支付下文列明的現金 代價總額，以換取註銷其各自的股權，其後各削減方將在收到相關代價後不再持 有合營企業的任何股權。 於本公告日期，合營企業分別由新奧特北京及其他合資方持有約31.47%及 68.53%。於完成資本削減後，本集團將不再擁有合營企業的任何股權。 由於資本削減協議項下擬進行之交易的一個或 ...

Group 1 - The core viewpoint of the article highlights the transfer of shares of China Digital Video (08280) from GF Securities Hong Kong to Glion Securities, with a market value of HKD 6.8757 million, representing 15.58% of the total shares [1] - For the six months ending September 30, 2025, China Digital Video reported revenue of RMB 5.512 million, a significant decrease of 91.81% year-on-year [1] - The company recorded a loss attributable to equity holders of RMB 33.411 million, which is a reduction of 22.48% compared to the previous year, with a basic loss per share of 5.4 cents [1]

Group 1 - The core viewpoint of the article highlights the transfer of shares of China Digital Video (08280) from GF Securities Hong Kong to Glion Securities, with a market value of HKD 6.8757 million, representing 15.58% of the total shares [1] - For the six months ending September 30, 2025, China Digital Video reported revenue of RMB 5.512 million, a significant decrease of 91.81% year-on-year [1] - The company recorded a loss attributable to equity holders of RMB 33.411 million, which is a reduction of 22.48% compared to the previous year [1] - The basic loss per share for the company was reported at 5.4 cents [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國數字視頻控股有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08280 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 本月底法定/註 ...

| 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08280 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國數字視頻控股有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 本月底法定/ ...

Core Insights - The company reported a revenue of 5.512 million RMB for the six months ending September 30, 2025, representing a significant decrease of 91.81% year-on-year [1] - The loss attributable to equity holders narrowed to 33.411 million RMB, a reduction of 22.48% compared to the previous year [1] - The basic loss per share was reported at 5.4 cents [1]

Group 1 - The company reported revenue of 5.512 million RMB for the six months ending September 30, 2025, representing a year-on-year decrease of 91.81% [1] - The loss attributable to equity holders narrowed to 33.411 million RMB, a year-on-year reduction of 22.48% [1] - The basic loss per share was 5.4 cents [1]