CTFME (01097) subsidiary i-CABLE Hong Kong has awarded the main contract for the KOHO renovation works to the contractor through a letter of acceptance.

CTFME (01097) has announced that on November 4, 2026, i-CABLE Hong Kong, a directly wholly-owned subsidiary of the Company, has awarded the main contract for the KOHO renovation works to the contractor through a letter of acceptance, with a contract sum of HK$64 million. The Company is an investment holding company. The Group's principal businesses comprise media and telecommunications operations. The media segment includes the operation of local free television program services, advertising, television relay services, program licensing, cinema exhibition and other media-related businesses, while the telecommunications segment includes the operation of broadband internet services, website subscription, telephone services, network leasing, network construction, mobile communications services and mobile phone agency services, and other telecommunications-related businesses. As disclosed in the Company's announcement dated August 14, 2026, the Group has commenced the phased relocation of its corporate headquarters, core media operations and support functions to the new premises at KOHO. The new premises are intended to serve as the Group's long-term operating base and are required to accommodate broadcast studios, control rooms, digital media facilities, data center infrastructure, office space and related ancillary facilities. In order to adapt the new premises to the Group's operational, technical and business requirements, the necessary fitting-out, construction, installation and integration works are required. The renovation works will include, among other things, construction of broadcasting and production facilities, upgrading of mechanical and electrical systems, setup of digital media and data facilities, and fitting-out of offices and support areas. The Board believes that the renovation of the new premises will help establish a modern integrated headquarters capable of supporting the Group's broadcasting, content production and digital media businesses. Upon completion, the renovated premises are expected to enhance operational efficiency by integrating the Group's key corporate, production, broadcasting and support functions into a single operating hub, thereby strengthening collaboration, communication and workflow coordination among different business units. This integration arrangement is also expected to optimize resource utilization and enhance the Group's overall operational effectiveness. In addition, the renovation works will enable the Group to upgrade its technical infrastructure and production capabilities, support its ongoing business transformation and digital all-media development strategy, and provide a more flexible and scalable platform to accommodate future technological developments and business growth. The letter of acceptance was awarded to the contractor after a tender process and arm's length negotiations between i-CABLE Hong Kong and the contractor. The Directors consider that the terms of the letter of acceptance (including the contract sum) and the transactions contemplated thereunder are on normal commercial terms, are fair and reasonable, and are in the overall interests of the Company and its shareholders.