Silkwave Inc. Announces Strategic Cooperation with Hong Kong TV International Media Group Limited (HKS)

Key Highlights

• Strategic Memorandum of Understanding (MOU) Signed: Silkwave Inc. has entered into a non-binding Memorandum of Understanding with Hong Kong TV International Media Group Limited (HKS) after trading hours on April 20, 2026.
• Objective: The collaboration aims to integrate Silkwave’s satellite communication transmission technology with HKS’s premium media content to jointly expand the satellite converged media market.
• About HKS: HKS is a major international media group, holding six satellite channel TV licenses from the Hong Kong SAR Government’s Broadcasting Authority, and operates an internet television station. Its programs reach over 150 countries and regions via the APSTAR-5, APSTAR-6, and APSTAR-7 satellites.

Details of the Strategic Cooperation

According to the MOU, the collaboration will focus on several core areas:

• Satellite Connected Multimedia Services: HKS’s high-definition video content will be integrated into Silkwave’s connected vehicle system, enabling the joint development of in-vehicle live TV applications. This leverages both companies’ strengths in content and technology.
• “Satellite + 5G” Media Content Distribution: The partnership plans to use satellite broadcasting to offload popular live content during periods of 5G network congestion, aiming to enhance user experience and reliability.
• Overseas and ASEAN Market Expansion: The two companies will jointly promote converged media services and launch new media platforms in Southeast Asia by leveraging Silkwave’s satellite data network (with coverage along the “Belt and Road” initiative) and HKS’s established media network.
• Emergency Broadcasting and Public Services: Silkwave’s satellite channels will be used to prioritize the release of public welfare emergency information and public service content produced by HKS during emergencies, strengthening the companies’ roles in societal responsibility.

Potential Impact and Considerations for Investors

• Complementary Partnership: The collaboration is designed to leverage the complementary strengths of both companies—Silkwave’s satellite infrastructure and HKS’s rich media content—creating synergies that could accelerate business expansion, especially in the Belt and Road and ASEAN markets.
• Market Expansion Opportunities: The partnership specifically targets new growth opportunities in Southeast Asia, potentially opening up significant new revenue streams for Silkwave.
• Non-Binding Nature: Importantly, the MOU is a statement of intent and not a legally binding contract. The actual implementation and benefits of the cooperation depend on the signing of formal definitive agreements in the future.
• Potential Share Price Impact: If the cooperation materializes as planned, it could be a significant positive catalyst for Silkwave’s share price due to the expected business expansion, new market opportunities, and strengthened service capabilities.
• Uncertainty: There is no certainty that the proposed cooperation will materialize or deliver the anticipated benefits. Shareholders and potential investors are urged to exercise caution.

Governance and Next Steps

• Further announcements will be made if and when formal definitive agreements are signed, as required under the Hong Kong Listing Rules.
• The current leadership of Silkwave Inc. includes Chairman Chau Ngai Fung and a team of executive and independent non-executive directors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The cooperation between Silkwave Inc. and HKS is at a preliminary stage and may not result in a binding agreement or generate the anticipated synergies or financial benefits. Investors are advised to conduct their own due diligence and consider their own investment objectives and risk tolerance before making any investment decisions. The Company will make further announcements as appropriate. Shareholders and potential investors should exercise caution when dealing in the shares of the Company.

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