The board of directors of Brilliant Circle Holdings International Limited announced that the company has been offered a four-year term loan facility of HKD 340,000,000 from a local bank in which the company has undertaken, among other matters, that Mr. Cai Xiao Ming, David shall maintain at least 50% beneficial shareholding interest in the company at all times during the life of the banking facility. The breach of such undertaking may result in the loan immediately due and repayable.