The board of directors of Huarong International Financial Holdings Limited announced that on 23 March 2018, the Company, as the borrower, entered into a loan agreement with a bank as the lender in relation to a revolving loan facility in an aggregate amount of up to USD 25,000,000 or HKD 200,000,000 (the Facility). The Facility has an interest period of three months (the Interest Period) and interest shall be payable at the end of the Interest Period. The availability of the Facility is within eighteen months from the date of the Loan Agreement. The availability of the Facility is subject to the condition that China Huarong Asset Management Co. Ltd., the controlling shareholder of the Company shall, during the term of the Loan Agreement, continue to hold no less than 51% of the beneficial interest of the Company.