Huarong International Financial Holdings Limited announced that Huarong Investment Stock Corporation Limited, a direct wholly-owned subsidiary of the Company, as the borrower, signed a revolving loan facility letter with a bank as the lender for a facility up to an aggregate amount of HKD 200,000,000. The Facility has no fixed term and is repayable on demand by the Lender. The availability of the Facility is subject to, among other things, a letter of comfort to be issued by China Huarong Asset Management Co., Ltd, the controlling shareholder of the Company, in a form and substance acceptable to the Lender. Under the Letter of Comfort, as long as the Facility remains outstanding, China Huarong shall undertake to, among others, maintain control over the Borrower.