The Board of Camsing International Holding Limited announced that on 16 October 2020, the Company, as the borrower, entered into a secured loan agreement with the Runjing Holdings Limited (Lender), pursuant to which, the Lender agreed to, among other things, make available to the Company a secured loan in the principal amount of HKD 13,000,000 on the terms and subject to the conditions therein. Term is eight months commencing from the date of the Secured Loan Agreement. The Loan shall be applied and used by the Company solely for the general working capital of the Group.