DaFa Properties Group Limited announced that the board of directors (the "Board") of the company announced that on 23 August 2021, to finance the Group's offshore general working capital need, the company accepted as borrower a facility letter (the "Facility Letter") issued by Hang Seng Bank Limited as lender (the "Lender") pursuant to which a US$30,000,000 term loan facility (the "Facility") would be made available by the Lender to the Company subject to the terms and conditions of the Facility Letter. The loan under the Facility shall be repaid on the date falling 12 months from the loan drawdown date of the Facility. Pursuant to the Facility Letter, throughout the life of the Facility, (i) the company shall procure that Mr. Ge Yiyang or his immediate family member(s) (being his parents, spouse and children) shall remain as the chairman of the Board and an executive director of the Company; and (ii) Mr. Ge Hekai and Mr. Ge Yiyang are required to collectively own at least 65% of the, direct or indirect, beneficial shareholding interest in the issued share capital of, and carrying at least 65% of the voting rights in the Company.