According to the announcement by Fu Shek Financial (02263) on August 29, 2024, its indirect wholly-owned subsidiary, Jia Fu Da Securities Limited (as the borrower), and a licensed bank in Hong Kong (as the lender), entered into a banking financing letter related to overdraft financing, with a maximum aggregate principal amount of HKD 60 million. Jia Fu Da Securities is authorized to use the financing terms and conditions specified in the financing letter upon approval by the lender. The financing under the financing letter has no fixed term but is subject to regular reviews by the lender.

According to the financing letter, Mr. Li Qingsong and Ms. Yang Lili jointly hold company equity with a minimum of 51% shareholding.