GDH Guangnan (Holdings) Limited announces that on 21 November 2022, the Company entered into a facility letter (the "Facility Letter") issued by a bank whereby a HKD 100,000,000 committed term loan facility (the "Facility") for a term of 360 days would be made available by the bank to the Company subject to the terms and conditions of the Facility Letter. The Company's obligations under the Facility Letter shall become immediately due and payable when the bank makes a demand on the happening of, among other things, the Company's failure to keep or perform any of the terms of the Facility Letter. At the date of this announcement, GDH, the immediate controlling shareholder of the Company, directly holds approximately 59.19% of the total number of shares of the Company in issue; and Guangdong Holdings, the ultimate controlling shareholder of the Company, indirectly holds approximately 59.19% of the total number of shares of the Company in issue.

The Company will make continuing disclosure in its subsequent interim and annual reports for so long as the above obligations continue to exist pursuant to the requirements of Rule 13.21 of the Listing Rules.