The board of directors of GDH Guangnan (Holdings) Limited announced that on 20 June 2024, the Company entered into a facility letter (the "Facility Letter") issued by a bank whereby a HKD 400 million revolving term loan facility (the "Facility") for the purposes of financing the working capital requirement of the fresh and live foodstuffs business and refinancing the existing debts of the Company, would be made available by the bank to the Company subject to the terms and conditions of the Facility Letter. The Facility shall terminate 360 days after the acceptance date of the Facility Letter.