Press Release

Lai Sun Development Company Limited

HK$1,183 Million 5-Year Secured Term Loan Facility

for the Development of a Site Located at

No. 79 Broadcast Drive, Kowloon Tong, Kowloon

(Hong Kong, 24 March 2022) Gainful Limited, owner of the captioned site and an indirect wholly-owned subsidiary of Lai Sun Development Company Limited (0488.HK) ("Lai Sun"), has mandated The Bank of East Asia, Limited, Bank of China (Hong Kong) Limited, Bank of Communications (Hong Kong) Limited, China Construction Bank Corporation, Hong Kong Branch, China Everbright Bank Co., Ltd., Hong Kong Branch, Dah Sing Bank, Limited, DBS Bank (Hong Kong) Limited, Hang Seng Bank Limited and Oversea-Chinese Banking Corporation Limited to be the Mandated Lead Arrangers and Lenders for arranging a 5-year secured term loan facility (the "Facility"). The Facility was substantially over-subscribed with a total commitment of HK$2,948 million received by Gainful Limited, which represents approximately 249% of the total facility amount of HK$1,183 million.

We wish to thank all Mandated Lead Arrangers and Lenders for their strong support of the Facility and of Gainful Limited and Lai Sun and look forward to concluding this transaction within the next few weeks.

The principal terms and the participating banks of the Facility are as follows:

Borrower

:

Gainful Limited

Facility Type

: Secured term loan facility

Facility Amount

:

HK$1,183 million

Term

:

5 years

Interest Rate

: 1% per annum over HIBOR

Facility Agent/

:

The Bank of East Asia, Limited

Security Agent

Mandated Lead

: The Bank of East Asia, Limited

Arrangers and Lenders

Bank of China (Hong Kong) Limited

Bank of Communications (Hong Kong) Limited

China Construction Bank Corporation, Hong Kong Branch

China Everbright Bank Co., Ltd., Hong Kong Branch

Dah Sing Bank, Limited

DBS Bank (Hong Kong) Limited

Hang Seng Bank Limited

Oversea-Chinese Banking Corporation Limited

For enquiries, please contact:

Ms. Freda Chang, Group Financial Controller (t: 852 2370 5702)/

Ms. Wei Wei, Group Corporate Finance (t: 852 2853 6116)

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Lai Sun Development Company Limited published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 12:41:08 UTC.