Press Release [Immediate Release] Apple TV+ Acquires Worldwide Rights to Premiere Huayi Tencent Entertainment’s “Cherry” (September 29th 2020 – Hong Kong) Huayi Tencent Entertainment Company Limited (“Huayi Tencent Entertainment” or the “Company”; stock code: 00419.HK; together with its subsidiaries collectively known as the “Group”) is pleased to announce that Apple TV +, Apple's original television program and film streaming, has acquired the worldwide rights to premiere “Cherry”. Invested in and co-produced by the Group, the film is expected to be debuting on Apple TV + in early 2021. Starring the Tom Holland (“Spiderman” series), “Cherry” is the first film directed by Anthony and Joe Russo since their work on “Avengers: Endgame”. Tom Holland's outstanding performance in “Cherry” is widely expected to put “Cherry” in contention for the next Oscars. “Cherry” is an adaptation from Nico Walker’s semi-autobiographical novel under the same title. It tells the story of the author who, after joining the American army in his youth, serving as an army medic in Iraq and retiring from military, suffered from post- traumatic stress disorder (PTSD) due to his experience in the battlefield. He and his wife both became drug addicts, and he degenerated into a bank robber to pay their debts and feed their addiction. Mr. WANG Zhongjun, Chairman, Chief Executive Officer and Executive Director of Huayi Tencent Entertainment, states, “The film industry is gradually recovering from the pandemic. Following “The Eight Hundred” (Chinese:八佰), invested in by the Group, ranked among the Top 10 highest-grossing films all time in China, the Group proceeds to further success with the landing of the Russo Brothers’ “Cherry” at Apple TV + for global audience.” He further adds, “With the projects financed and produced by the Group over the past two financial years being completed, the Group expects to release three or four films 1 FinancialPR(HK)Limited 金融公關（香港）有限公司 5/FBOCGroupLifeAssuranceTower136DesVoeuxRoadCentralHongKong 香港中環德輔道中 136 號中銀集團人壽保險大廈 5 樓 Press Release in the second half of 2020 and in 2021, as the epidemic becomes stabilized. At the same time, the Group is also actively exploring cooperation with different international streaming platforms, with a view of bringing our products to broader global audience.” -End- About Huayi Tencent Entertainment Company Limited Huayi Tencent Entertainment Company Limited (Stock Code: 00419.HK) is a new media company integrating culture and entertainment. It produces quality international films, animations, and TV dramas, and invests in international entertainment companies through M&As and resource integration, aimed at building an integrated platform with both content development and online-to-offline entertainment channels. Currently, Huayi Brothers (Stock Code: 300027.SZ) and Tencent (Stock Code: 00700.HK) are the controlling shareholders of Huayi Tencent Entertainment. Media Contacts Financial PR (HK) Limited Ms. Dawn Lee Email: [email protected] Ms. Elva Li Email: [email protected] Ms. Kelly Zhao Email: [email protected] Tel: (852)2610 0846 Fax: (852)2610 0842 2 FinancialPR(HK)Limited 金融公關（香港）有限公司 5/FBOCGroupLifeAssuranceTower136DesVoeuxRoadCentralHongKong 香港中環德輔道中 136 號中銀集團人壽保險大廈 5 樓 .