On November 21, 2024, EVA Holdings' wholly-owned subsidiary EVA Limited confirmed acceptance of the financing agreement provided by DBS Bank (Hong Kong) Limited. Under the agreement, DBS Bank agreed to provide the borrower with a maximum of HK$0.4 billion in long-term installment loans, to be repaid according to the repayment schedule in the agreement, with a final repayment date set three years from the relevant drawdown date. This financing agreement requires shareholders Zhang Jie, Zhang Jianhua, and Zhang Yaohua to hold no less than 35% of the company's issued share capital, with Zhang Yaohua serving as an executive director and Zhang Jie as the chairman of the board of directors. If the shareholders fail to fulfill the above responsibilities, DBS...Show More

On November 21, 2024, EVA Holdings' wholly-owned subsidiary EVA Limited confirmed acceptance of the financing agreement provided by DBS Bank (Hong Kong) Limited. Under the agreement, DBS Bank agreed to provide the borrower with a maximum of HK$0.4 billion in long-term installment loans, to be repaid according to the repayment schedule in the agreement, with a final repayment date set three years from the relevant drawdown date. This financing agreement requires shareholders Zhang Jie, Zhang Jianhua, and Zhang Yaohua to hold no less than 35% of the company's issued share capital, with Zhang Yaohua serving as an executive director and Zhang Jie as the chairman of the board of directors. If the shareholders fail to fulfill the above responsibilities, DBS Bank has the right to cancel the financing facility and demand immediate repayment of all outstanding amounts. As of the announcement date, Zhang Jie and Zhang Yaohua respectively hold 52.93% and 47.07% of the issued share capital of Prosper Empire Limited, which holds approximately 38.70% of EVA Holdings' issued share capital. In addition, the shareholders collectively own approximately 5.12% of the company's issued share capital. Disclosure of specific performance obligations will be included in the company's subsequent interim and annual reports, as required by listing rules. The board of directors is composed of four executive directors and three independent non-executive directors, with Zhang Jie as the chairman, Zhang Jianhua as the vice-chairman, and Zhang Yaohua as the CEO. This announcement aims to comply with the disclosure requirements of Rule 13.18 of the Listing Rules of The Stock Exchange of Hong Kong Limited.