Reference is made to the announcements of the KOALA Financial Group Limited dated 6 May 2020 and 8 May 2020 in relation to, among others, the Loan Agreement entered into by the Lender, an indirect wholly-owned subsidiary of the Company, with the Borrower. Pursuant to the Loan Agreement, the Lender agreed to grant the Loan Facility to the Borrower with a principal amount of HKD 10,000,000, bearing interest at a rate of 36% per annum for a term of twelve months from the drawdown date under the Loan Facility. The summarised principal terms and conditions of the Loan Agreement are disclosed in the Announcements.