PSUB INTERNATIONAL (00997.HK) ANNOUNCED ON OCTOBER 29 THIS YEAR THAT IT RECEIVED TWO HOLDERS OF 6.5% RATE NOTES ISSUED BY THE COMPANY ON 7 AUGUST 2019 AND ISSUED THREE AMENDMENTS BETWEEN 2020 AND 2022, RESPECTIVELY, IN THE COURT OF FIRST INSTANCE OF THE HIGH COURT OF HONG KONG TO PRC INTERNATIONAL AND OTHERS Two sets of communication orders accompanied by a statement of claim.

Pursuant to the Statement of Claim, Claimant A claims that as of October 28 of this year, Psuant A has a total outstanding principal amount under the Bond Instrument of $8.5 million and interest on the outstanding principal from August 6, 2023 to the date of repayment; Claimant B claims that as of October 28 of this year, Plaintiff B claims that PMI International owes Claimant B The total amount of outstanding principal under the bond instruments is USD 10 million and the interest on the outstanding principal from August 6, 2023 to the date of repayment

Interest.

As of last Friday (8th), the Claimant was actively negotiating an arrangement for the repayment of outstanding principal under the Bond Instrument and the accrued interest. (js/w)

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