EcoGreen International Group Limited announced that pursuant to a loan agreement dated 27 May 2020 and entered into by the company as borrower and several banks as lenders, a term loan facility in the aggregate of $185,000,000 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, repayable by 4 successive semi-annually installments. The first, second, third and fourth installment will be the date falling 24 months, 30 months, 36 months and 42 months respectively, after the First Advance Date. The repayment amount is 12.5%, 12.5%, 27.5% and 47.5% of the loan principal respectively. If the Company exercises the right to extend the loan period, the original amount required to be repaid in the fourth installment can be extended from the date falling 42 months to the date falling 60 months after the First Advance Date, repayable by 4 successive semi-annually installments. Under the Loan Agreement, a specific performance obligation is imposed on Mr. Yang Yirong to remain as the Chairman of the Board and the single largest and controlling shareholder in the company, to beneficially own not less than thirty per cent (30%) of the entire issued share capital of the Company, and to maintain control over the management and the Board.