The Board announces that on 25 November 2020, Nature Home China (as borrower) entered into the Banking Facilities Agreement with Guangzhou Bank, Foshan Branch (as lender), pursuant to which Guangzhou Bank agreed to make available to Nature Home China the Loan Facilities up to an aggregate principal amount of RMB 80,000,000. Interest rate: Not higher than 140% of the RMB one-year Loan Prime Rate on the relevant date(s) of drawdown made under the Banking Facilities Agreement. Term of the Banking Facilities Agreement: One (1) year commencing from 25 November 2020 and expiring on 24 November 2021 (both days inclusive). Nature Home China and Guangzhou Bank may enter into a supplemental agreement at the expiry of the term of the Banking Facilities Agreement to extend the term of the Banking Facilities Agreement. As a condition of Guangzhou Bank granting the Loan Facilities, on the same date, the Company and Guangzhou Bank entered into the Guarantee Agreement, pursuant to which the Company has agreed to jointly guarantee the obligations of repayment and liabilities of Nature Home China under the Banking Facilities Agreement, including (i) a maximum of principal amount of RMB80,000,000; and (ii) interests, default interests, compound interests, damages, compensation and the costs for recovering debts under the Banking Facilities Agreement.