The Board of Directors of China Haida Ltd. refers to the announcements released on 10 December 2020 in relation to query (5) of the announcement and wishes to announce the following loan agreement entered into by the Company. The Board of the Company wishes to announce that the Company has on 28 January 2021 entered into a loan agreement (the "Loan Agreement") with Mr. Stanley Lee ("SL"), as the lender, in connection with the grant of a loan of SGD 500,000 to the Company (the "Loan"). The lender is the cousin of Mr. Soh Yeow Hwa ("Mr Soh") but is not considered an associate as defined in the Listing Rules. The loan will be on commercial terms and Mr. Soh has abstained in the negotiations on the terms of the Loan and the decision-making process.