China Resources Land Limited On 18 May 2022 as borrower, entered into a facility letter for a HKD 800,000,000 loan facility with a bank. The Loan Facility has a term of five years commencing from the date of the first drawdown. Pursuant to the Facility Letter, it shall be a Change of Control if CRH ceases to be the single largest shareholder which has an aggregate beneficial ownership and control of not less than 35% of the issued share capital of the Company; or CRH does not have, or ceases to have the ability from a practical perspective to control the appointment by the Company's shareholders of directors to the Company's board.

As at the date of this announcement, CRH owns approximately 59.55% of the issued share capital of the Company.