The Board of Directors of the Company wishes to announce that the Group will cease its media operations in Canada (the “Canadian Operation”) (the “Cessation”) with effect from 1 February 2026. The Cessation will result in estimated one-off expenses, including staff layoff compensation, of not less than approximately US$4 million, which will be recognised in the consolidated statement of profit or loss of the Company for the fourth quarter ending 31 March 2026. 

Further details of the announcement is attached herewith.

This announcement is dated 16 January 2026.