The board of directors of China Lesso Group Holdings Limited which together with its subsidiaries, would like to inform its shareholders that on July 15, 2021, the Company and its wholly-owned subsidiary China Lesso Finance Limited as borrower entered into a facility agreement in relation to dual currency syndicated term loan and revolving credit facilities in the equivalent amount of USD 550,000,000 at an interest rate of LIBOR/HIBOR plus 1.40% per annum with, among others, five lenders and five mandated lead arrangers and bookrunners, for general corporate purposes and certain green projects of the Group. The maturity date under the Facility Agreement is the date falling 48 months after the earlier of the first utilisation date under the Facility Agreement and the end of the availability period of one of the term facilities, provided that the Original Maturity Date may be extended for a further period of 12 months subject to the terms and conditions of the Facility Agreement. Pursuant to the Facility Agreement, if Mr. Wong Luen Hei and his family members collectively do not own or cease to own, directly or indirectly, at least 51% of beneficial shareholding interest in the issued share capital of the Company, carrying at least 51% of the voting rights, free from any security, then: each lender under the Facility Agreement shall not be obliged to fund any loans made under the Facility Agreement; and the total commitments under the Facility Agreement may be liable to be cancelled and the loans made under the Facility Agreement together with accrued interest and all other amounts accrued under other finance documents pertaining to the Facility Agreement may be declared due and payable should the majority lenders under the Facility Agreement so direct. As at the date of this announcement, Mr. Wong and his family members are in compliance with the requirement noted above by, among other things, beneficially holding approximately 68.49% of the total number of issued shares of the Company.