Cathay International Holdings Limited announced that it has further agreed with CIEW43 to increase the Loan facility by USD 11 million to USD 34 million for the Group's working capital. As disclose in the previous announcement, the Loan Facility is on normal commercial terms, has an initial term of 1 year, interest is payable at the rate of LIBOR +3.5% per annum and is unsecured. In addition, the loan is repayable in certain events of default or in the event that the Company raises capital through the sale of assets or otherwise.