YUEXIU PROPERTY signed a financing agreement with a bank on December 23, 2024, obtaining a term loan of 0.5 billion HKD. The financing is provided in two tranches: the first tranche is 0.15 billion HKD with a loan term of 18 months; the second tranche is 0.35 billion HKD with an initial loan term of 12 months, which can be extended to 18 months upon meeting certain conditions.The financing agreement stipulates that if the controlling shareholder YUEXIU ENTERPRISES (GROUP) LIMITED holds direct or indirect voting rights in YUEXIU PROPERTY that fall below 30%, ceases to be the single largest beneficial shareholder, or loses effective management control, a default event will occur. At that point, the lender may demand immediate repayment of all debts. As of the announcement date, YUEXIU ENTERPRISES beneficially owns approximately 44% of the issued shares of YUEXIU PROPERTY.

YUEXIU PROPERTY signed a financing agreement with a bank on December 23, 2024, obtaining a term loan of 0.5 billion HKD. The financing is provided in two tranches: the first tranche is 0.15 billion HKD with a loan term of 18 months; the second tranche is 0.35 billion HKD with an initial loan term of 12 months, which can be extended to 18 months upon meeting certain conditions.The financing agreement stipulates that if the controlling shareholder YUEXIU ENTERPRISES (GROUP) LIMITED holds direct or indirect voting rights in YUEXIU PROPERTY that fall below 30%, ceases to be the single largest beneficial shareholder, or loses effective management control, a default event will occur. At that point, the lender may demand immediate repayment of all debts. As of the announcement date, YUEXIU ENTERPRISES beneficially owns approximately 44% of the issued shares of YUEXIU PROPERTY.