As disclosed in the announcement dated 22 November 2018, REXLot Holdings Limited and VC (and his associates, including Keen Start and Kingly Profits) have entered into a definitive agreement for the repayment of the Remaining Indebtedness dated 22 November 2018 (the "Agreement"). Pursuant to the Agreement, the company shall complete Step A no later than 14 December 2018. Step A of the Agreement provides that the company shall utilize approximately HKD 953 million in cash to (i) partially redeem from any remaining Bondholders certain outstanding 2017 Bonds with an aggregate principal amount and accrued but unpaid interest and default interest of approximately HKD 95 million in total; (ii) partially redeem from any remaining Bondholders certain outstanding 2019 Bonds with an aggregate principal amount and accrued but unpaid interest and default interest of approximately HKD 505 million in total; and (iii) partially repay the Shareholder's Loan with a principal amount and accrued but unpaid interest of approximately HKD 353 million in total, in each case in accordance with the terms thereof. Given the significant amount of money involved, the company understands from the relevant bank that additional time is required for the bank to go through certain internal procedures to effect the partial redemption of the Bonds. The Company has been in discussion with the bank, which confirmed that the payments can be made in accordance with the respective terms of the Bonds on 21 December 2018. As such, the parties to the Agreement have agreed to extend the completion deadline of Step A to 21 December 2018. Notice on the payment details in respect of the partial redemption of the Bonds will be issued on the date of this announcement to the Bondholders through the trustee of the Bonds.