On 14 December 2023, CR Construction Group Holdings Limited and CR Construction Company Limited (a wholly-owned subsidiary of the Company), as borrowers, entered into a facility letter (the "Facility Letter") with a bank, as lender (the "Lender"), pursuant to which the Lender has agreed to grant a facility to the Company in the amount up to HKD 300,000,000 (the "Facility"). The maturity date of the Facility shall not exceed 12 months from the date of acceptance of the Facility Letter.