The board of directors of The United Laboratories International Holdings Limited announces that the Company, as borrower, has entered into a facility letter with Industrial Bank Co. Ltd. Hong Kong Branch for uncommitted revolving loan facility of up to HKD 100,000,000 with maturity of twelve months. Each drawdown under the Facility Letter shall be repayable in full on the last day of the corresponding interest period of one, three or six month(s) unless allowed for a rollover by the bank. The Facility Letter imposes, among other matters, Mr. Tsoi Hoi Shan, Ms. Choy Siu Chit, Ms. Ning
Kwai Chun or their family members should (i) individually or collectively be the largest shareholder of the Company and individually or collectively remain their direct or indirect shareholding in the Company at not less than 40%; (ii) remain the chairman of the Board and maintain management
control over the Company.