The board of directors of AMVIG Holdings Limited Pursuant to the facilities agreement dated 12 August 2020 and entered into, among other parties, the Company as borrower, two subsidiaries of the Company as guarantors, and various financial institutions as agent, arrangers and lenders, a term loan facility of HKD 850,000,000 and a revolving loan facility of HKD 500,000,000 are made available to the Company. The Facility A Loan is repayable in its entirety on the day which is 36 months from the date of the first utilisation of the Loan Facilities. If a Facility B Loan is drawn, it is repayable on the last day of its interest period, being either one, two or three months or any other period agreed between the Company and the facility agent provided that it shall not extend beyond the Final Maturity Date. The Loan Facilities will be used to refinance the Company's existing loan facilities. It is provided in the Facilities Agreement that if at any time, (i) any person or group of persons acting in concert hold more votes that might be cast at a general meeting of the Company than Amcor Plc; or (ii) without limitation to (i) above, Amcor Plc fails to maintain its beneficial ownership, direct or indirect, of not less than: (a) thirty-five per cent. (35%) of the shareholding interest of the Company or (b) only in the event of dilution in Amcor Plc's shareholding due to any share placements by the Company, twenty-five per cent. (25%) of the shareholding interest of the Company, it would constitute an event of default. For the purpose of this provision in the Facilities Agreement, "acting in concert" means persons who, pursuant to an agreement or understanding (whether formal or informal), actively co-operate to obtain or consolidate control of a company.