The board of directors of Tianjin Port Development Holdings Limited announced that on 25 May 2021, Tianjin Port Development Finance Limited, a wholly-owned subsidiary of the Company, (the "Borrower") as borrower and the Company as guarantor entered into a facility agreement with a financial institution as lender for a term loan facility of up to HKD 1,200 million. The facility is repayable in full on the date falling 12 months from the date of the facility agreement. The facility will be used for firstly, refinancing in full of the existing loan and thereafter, financing the general corporate funding requirements of the Company and its subsidiaries (the "Group") (including refinancing the existing facility(ies) owed to that lender and/or other bank(s) and financing general working capital requirement); on 25 May 2021, the Borrower as borrower and the Company as guarantor entered into a facility agreement with a financial institution as lender for a term loan facility of up to HKD 500 million. The facility is repayable in full on the date falling 12 months from the date of the facility agreement. The facility will be used for firstly, refinancing the existing loan and thereafter, financing the general corporate funding requirements of the Group; and on 25 May 2021, the Borrower as borrower and the Company as guarantor entered into a facility agreement with a financial institution as lender for a term loan facility of up to HKD 500 million. The facility is repayable in full on the date falling 12 months from the date of the facility agreement. The facility will be used for financing the general corporate funding requirements of the Group (including refinancing of existing loans and general working capital requirement).