This announcement is made by Huarong International Financial Holdings Limited in compliance with the announcement requirement under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with respect to a supplemental deed entered into by the Company with a Bank regarding a term loan facility in an aggregate principal amount of HKD 800,000,000, in supplement of the Facility Agreement dated 10 December 2019. The Board announced that on 17 December 2020, the Company entered into the Supplemental Deed, pursuant to which, among other things, the Facility Agreement will be amended and supplemented on the terms set out in the Supplemental Deed, in which the below salient terms will be updated as follows: the final maturity date will be extended to 18 December 2021; and a new letter of comfort will be executed by China Huarong, the controlling shareholder of the Company, in a form satisfactory to the Bank on or before 18 February 2021 as long as the Facility remains outstanding. The availability of the Facility is subject to, among other things, China Huarong continues to be the beneficial owner directly or indirectly holding 51% or more of the issued share capital of the Company. As at the date of this announcement, China Huarong indirectly and beneficially holds approximately 51% of the entire issued share capital of the Company.