The board (the "Board") of directors (the "Directors") of Cinda International Holdings Limited (the "Company") in compliance with the requirement under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Reference is made to the announcement of the Company dated 7 July 2016 in relation to a facility agreement (the "Facility Agreement") entered into by the Company with a licensed bank in Hong Kong (the "Bank") regarding a HKD 300,000,000 revolving loan facility (the "Loan Facility"). On 28 May 2021, the Company as borrower entered into a supplementary facility letter (together with the Facility Agreement, the "New Facility Agreement") with the Bank regarding the Loan Facility, pursuant to which, the Loan Facility has been renewed and the final maturity date of the Loan Facility has been extended to 30 September 2021. The New Facility Agreement imposes, among other things, specific performance obligations on the controlling shareholder of the Company. Pursuant to the New Facility Agreement, it shall be an event of default if (i) China Cinda Asset Management Co. Ltd. ("China Cinda", an indirect controlling shareholder of the Company) ceases to directly or indirectly own at least 50% of the issued share capital of the Company in case written consent is not obtained from the Bank; or (ii) the Ministry of Finance of the People's Republic of China ceases to remain (directly or indirectly) at least 50% of the issued share capital of China Cinda.