Announcement on China National Radio Broadcasting and LeTV's cooperation in obtaining approval from the State Administration of Press, Publication, Radio, Film and Television

LeTV Information Technology (Beijing) Co., Ltd. (hereinafter referred to as "LeTV.com" and "Company") recently received a copy of the relevant approval from the State Press, Publication, Radio, Film and Television Bureau, and the approval of the main content is the consent of LeTV.com's Internet TV platform. All users of the company relocated to the China International Broadcasting Corporation Internet TV (CIBN Internet TV) integration platform. While carrying out the relocation work, LeTV's existing Internet TV platform will be closed simultaneously, including Internet set-top boxes and all-in-ones. The users of LeTV.com's existing Internet TV platforms will be managed by CIBN Internet TV in accordance with the regulations stipulated by the National Press, Publication, Administration of Radio, Film and Television, and the audiovisual program services and the requirements for the operation and management of the Internet TV license. And provide the corresponding Internet TV content service.

With this approval, the company officially launched a long-term cooperation with CIBN Internet TV, and users on the original Internet TV platform of LeTV will continue to obtain legal and compliant content services provided by CIBN Internet TV.

This means that LeTV's large-screen ecology will be fully improved, which will significantly increase the sales of large-screen Internet smart terminals including the LeTV box, accelerate the growth of user scale, and further increase market share.

The trend of standardized and market-oriented development of the industry has become increasingly prominent. The successful rectification of the Internet TV business by Letv.com and the approval of the CIBN Internet TV cooperation program will help the company more accurately grasp the regulatory policies in the development of the smart TV industry. To comply with regulatory trends to ensure the healthy and stable development of the company's business.

At the same time, LeTV.com, as a listed company with a wholly domestically-owned internet eco-system in China, has the largest library of copyrighted film and television copyrights. It has long been committed to promoting the process of genuine copyright in China. The company’s business model is in line with the long-term development trend of the industry, and in the context of policy support, large screens. Ecological multidimensional operations will receive more guarantees and technologies, which will help further enhance the user experience and create an extremely large-screen Internet life experience.

The company will actively promote rectification and cooperation issues, upgrade and optimize the company's large-screen intelligent terminal products and EUI. The company will support the implementation of the supervision and supervision department policies, and will continue to improve and improve its own ecological products and services under the guidance of relevant government departments. .

Investors are concerned about relevant announcements published by the company in the designated information disclosure media, such as Juchao Information Network, and pay attention to investment risks.

Special announcement.

LeTV Information Technology (Beijing) Co., Ltd.

Board of Directors

August 22, 1616


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