The board of directors of The United Laboratories International Holdings Limited announced that the company, as borrower, entered into a loan agreement dated 19 May 2022 with China Minsheng Banking Corp. Ltd. Hong Kong Branch for a term loan facility equal to equivalent of HKD 300,000,000. The term loan facility shall be available for drawdown within 3 months from the date of the Loan Agreement.

The term loans under the facility shall be repaid by instalments as 20%, 20%, 20% and 40% of all loans outstanding on the last date of available period in the 18, 24, 30 and 36 months respectively from the date of first drawdown.