The board of Power Financial Group Limited announced that on 15 July 2019, the Lender entered into the Loan Agreement with the Borrower whereby the Lender has advanced the Loan in the principal amount of HKD 22,000,000 to the Borrower. The Loan is for a term of 6 months from 15 July 2019 and bears interest at rates from 10% to 13.82% per annum. The Loan is secured by (i) the Guarantee; and (ii) the Second Mortgages. The maturity date of the Loan shall fall on 14 January 2020. As the higher applicable percentage ratio as defined under the Listing Rules in respect of the Loan exceeds 5% and is lower than 25%, the Loan constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules.