Zhitong Financial APP, Tianjin Port Development (03382) announced that on May 19, 2022, Tianjin Port Development Finance Co., Ltd. (wholly-owned subsidiary of the company) (borrower) and the company (as guarantor) entered into a loan agreement with a financial institution (as lender) for a term loan of up to HK $1.2 billion. The loan must be repaid in full 12 months after the date of the loan agreement. The loan will first be used to repay the existing loan in full and then for the general corporate capital needs of the company and its subsidiaries (group).

On 19 May 2022, the borrower and the company (as guarantor) entered into a loan agreement with a financial institution (as lender) for a term loan of up to HK $500 million. The loan must be repaid in full 12 months after the date of the loan agreement. The loan will be used to repay the existing loan in full; and

On 19 May 2022, the borrower and the company (as guarantor) entered into a loan agreement with a financial institution (as lender) for a term loan of up to HK $500 million. The loan must be repaid in full 12 months after the date of the loan agreement. The loan will be used for the general corporate capital needs of the Group, including the repayment of existing loans in full and the need for general working capital.