Actually depends... When you say Neo 8, Is it the X8H or X8H Plus ?
The X8H is based on the S802 CPU, which does not have h265 hardware support. So if it uses software based codec, it would be able to do 720p at best using h265.
The X8H Plus is based on the S812 CPU, which should not have any issues, since it does have native h265 support in hardware as far as I can tell.