The board of directors of EcoGreen International Group Limited makes the following disclosures in accordance with Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Pursuant to a loan agreement dated 14 May 2019 and entered into by the Company as borrower and a bank as lender, a term loan facility in the aggregate of HKD 250,000,000 was made available to the Company for a period of 42 months commencing from the date on which the first advance (the "First Advance Date") is made. Under the Loan Agreement, a specific performance obligation is imposed on Mr. Yang Yirong ("Mr. Yang") to remain as the Chairman of the Board and the single largest and controlling shareholder in the Company, to beneficially own not less than 30% of the entire issued share capital of the Company, and to maintain control over the management and the Board.