The Board of New Century Group Hong Kong Limited announced that on 12 May 2023, the New Loan Agreement was entered into between ETC Finance, an indirect non-wholly owned subsidiary of the Company, as lender, and the Customers, as borrowers. Pursuant to the New Loan Agreement, ETC Finance agreed to grant a mortgage loan in the principal sum of HKD 12,600,000 to the Customers for a term of 24 months. The principal terms of the New Loan Agreement are set out below: Date of agreement: 12 May 2023 Lender: ETC Finance; Borrowers: The Customers; Principal: HKD 12,600,000; Interest rate: 9.25% per annum; Repayment: Interest; repayable by 24 monthly instalments with the principal repayable at the last instalment; Prepayment: The borrowers may prepay to the lender all outstanding balance of the loan together with interest accrued by giving prior one month written notice to the lender; Security: A first legal charge in favour of the lender over a residential property located in Tai Kok Tsui with valuation conducted by an independent professional property valuer on 3 May 2023 in amount of HKD 17,000,000 Before entering into of the New Loan Agreement, ETC Finance has entered into with the Customers the Existing Loan Agreement for granting a mortgage loan in the principal sum of HKD 6,800,000 for a term of 24 months to the Customers.