The board of directors of The United Laboratories International Holdings Limited announced that the company, as borrower, has entered into a facility agreement with China Merchants Bank Co. Ltd., Singapore Branch, Industrial Bank Co. Ltd., Hong Kong Branch, and Pingan Bank Co.

Ltd. for a term loan facility up to HKD 1.1 billion. The loans under the Facility Agreement shall be repaid in installments as 10%, 10% and 80% of the loan amounts on the dates falling 12, 24 and 36 months respectively after the first utilisation of the facility. The Facility Agreement imposes that, among other matters, Mr. Tsoi Hoi Shan, Ms. Choy Siu Chit, Ms. Ning Kwai Chun and their family trusts collectively, directly or indirectly (i) constitute the single large shareholder of the Company; (2) own not less than 40% of the issued share capital of the company, and (iii) do not cease management control over the Company or the Group.