Asiaray Media Group Limited announced that, on January 4, 2021, the Company entered into a facility agreement with certain licensed banks in Hong Kong whereby the Banks collectively make available to the Company a committed term loan facility for 36 months in the principal amount of up to HKD 200 million in aggregate. Under the terms of the Facility Agreement, the Company shall procure that Mr. Lam Tak Hing, the chairman of the Board, an executive Director and a controlling shareholder of the Company, and his related parties collectively shall remain the single largest shareholder of the Company; Mr. Lam shall remain as chairman and executive director of the Company; and the Major Shareholders collectively shall have control over the composition of the Board. Any breach of the Undertakings may constitute a default of the Facility Agreement.