The board of directors (the "Board") of Huarong International Financial Holdings Limited announced that on 25 March 2021, the Company, as the borrower, signed a revolving loan facility letter (the "Facility Letter") with a bank as the lender (the "Lender") for a facility up to an aggregate amount of HKD 200,000,000 (the "Facility"), which will be used for the Company's general working capital requirements. The Facility is repayable on demand by the Lender. The availability of the Facility is subject to, among other things, a letter of comfort (the "Letter of Comfort A") to be issued by China Huarong Asset Management Co. Ltd. ("China Huarong"), the controlling shareholder of the Company, in a form and substance acceptable to the Lender. Under the Letter of Comfort A, as long as the Facility remains outstanding, China Huarong shall undertake to, among others, maintain control over the Company. The Board further announces that on 25 March 2021, Huarong International Securities Limited("Huarong Securities"), a wholly-owned subsidiary of the Company, as the borrower, entered into a revolving loan facility letter (the "Margin Lending Facility Letter") with the Lender for a facility up to an aggregate of HKD 100,000,000 (the "Margin Lending Facility"), which will be used to support Huarong Securities's margin lending and brokerage business. The Margin Lending Facility is repayable on demand by the Lender. The availability of the Margin Lending Facility is also subject to among other things, a letter of comfort (the "Letter of Comfort B") to be issued by China Huarong in a form and substance acceptable to the Lender. Under the Letter of Comfort B, as long as the Margin Lending Facility remains outstanding, China Huarong shall undertake to, among others, maintain control over Huarong Securities.