The board of directors of The United Laboratories International Holdings Limited announces that the Company, as borrower, has entered into a facility letter (the "Facility Letter") with Bank of Communications (Hong Kong) Limited for a term loan facility of HKD 300,000,000. The term loan facility shall be available for 12 months from the date of acceptance of the Facility Letter. The term loans under the facility shall be repaid by instalments as 10%, 20%, 20% and 50% of all loans outstanding in the 18, 24, 30 and 36 months respectively from the date of first drawdown.