China Tonghai International Financial Limited announced reference is made to the announcement of the Company dated 11 July 2018, 11 July 2019, 10 July 2020 and 31 August 2021 in relation to the banking facility with the Bank. Terms defined in the July 2018 Announcement shall have the same meaning in this announcement unless otherwise defined. On 31 December 2021, the Company as borrower entered into a deed of amendment (together with the Banking Facility Agreement, the deed of amendment entered on 11 July 2019, the deed of amendment and restatement entered on 10 July 2020 and the deed of amendment entered on 31 August 2021 collectively, the ``2021 Banking Facility Arrangement'') with the Bank to extend the banking facility with the existing principal amount of HKD 410,000,000 for one year from 31 December 2021.

Pursuant to the 2021 Banking Facility Arrangement, Mr. Lu, the ultimate controlling shareholder of the Company, a wholly-owned subsidiary of the Company and an intermediate holding company of the Company, have confirmed the existing personal guarantee and corporate guarantees respectively, in favour of the Bank to guarantee, among others, the due performance of the obligations of the Company under the Extended Banking Facility.