China Industrial Securities International Financial Group Limited as borrower entered into a facility letter (the "Facility Letter") with a bank as lender (the "Lender"), pursuant to which the Lender has agreed to make available an uncommitted revolving loan facility in an aggregate amount of up to HKD 500,000,000 to the Company. The validity period of the Facility Letter is subject to the Lender's annual review. As a condition of the Facility Letter, it shall be an event of default if Industrial Securities Co.
Ltd.* ("Industrial Securities"), the controlling shareholder of the Company ceases to be the controlling shareholder of the Company. As at the date of this announcement, Industrial Securities is indirectly interested in 2,373,823,644 shares of the Company, representing approximately 59.35% of the issued share capital of the Company.
