APTT Management Announces Substantial Completion of Key Transaction: Issuance of New Shares by Taiwan Broadband Communications

Key Highlights

• APTT Management Pte. Limited has announced the substantial completion of a strategic transaction involving the issuance of 4,375,000 new ordinary shares by its subsidiary, Taiwan Broadband Communications Co., Ltd.
• The transaction involved a full consideration of NT\$700 million (approximately S\$29 million).
• Major regulatory and lender approvals have been secured, as well as the execution of the Share Subscription Agreement (SSA).
• Remaining procedural steps include repayment of onshore facilities and registration of the new investment shares.

Details of the Transaction

APTT Management Pte. Limited, the Trustee-Manager of Asian Pay Television Trust (APTT), confirms that the following critical conditions for the proposed issuance of new shares have been fulfilled:

• Approvals from relevant Taiwanese regulatory bodies.
• Consents from both onshore and offshore lenders.
• Execution of the Share Subscription Agreement (SSA).
• Receipt of the full consideration for the transaction—NT\$700 million, approximately S\$29 million.

With these key conditions met, the transaction is deemed substantially completed as of 27 November 2025. Investors should note that while the main hurdles have been cleared, procedural requirements such as the repayment of certain onshore facilities and official registration of the new shares with the Taipei City Office of Commerce are pending and will follow in due course. Completion of these steps will mark the official close of the transaction.

Shareholder Interests and Possible Price Sensitivity

Potentially price-sensitive information:

• Mr. Lu, Fang-Ming, Vice-Chair and Non-Executive Director of the Trustee-Manager, who ultimately owns 100% of the Trustee-Manager, has acquired an additional personal interest—specifically, 1% of the shares in DaDa as of 27 November 2025.
• This new disclosure is in addition to interests reported in prior announcements.
• The direct involvement of major management figures in related entities may be viewed by investors as a sign of confidence or could raise questions regarding governance and related-party transactions.

Trading advisory: In light of these developments, APTT advises its unitholders and potential investors to exercise caution when trading APTT units. Investors are encouraged to seek advice from stockbrokers, solicitors, or other professional advisors if uncertain about the implications of this transaction or the actions they should take.

About APTT

APTT is Asia’s first listed business trust focused on pay-TV and broadband businesses, with an investment mandate across Taiwan, Hong Kong, Japan, and Singapore. The trust is managed by APTT Management Pte. Limited, which is responsible for safeguarding unitholders’ interests and managing business operations with the objective of providing stable and sustainable distributions.

For further information, investors may contact Somnath Adak, Chief Executive Officer, at +65 6011 5829 or via email at [email protected].

Potential Impact on Share Price

The completion of this significant transaction, the injection of fresh capital, and the involvement of key management figures in related holdings are all material developments. These may impact investor sentiment and trading activity in APTT units. Investors should closely monitor subsequent announcements regarding the completion of the remaining procedural steps and any further disclosures related to management interests.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should perform their own due diligence and consult with professional financial advisors before making investment decisions. The information is based on available public disclosures and may be subject to change.

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