Tibet Water Resources Ltd. announced The Lenders, being wholly-owned subsidiaries of the Company, renewed the Loans to the Borrowers on 31 December 2021.
As the applicable percentage ratio in respect of the renewal of the Loans to each Borrower is 5% or more but less than 25%, the renewal of the Loans to
each Borrower constitutes discloseable transactions of the Company under Chapter 14 of the Listing Rules and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules. The particulars of the Loans (being the renewal of the amounts advanced to the respective Borrowers prior to 31 December 2021 and remaining outstanding as at 31 December 2021) are summarized as follows: Loans to Borrower A: RMB 144,878,000, Loans to Borrower B: RMB 171,450,000, Loans to Borrower C: RMB 167,035,000, Loans to Borrower D: RMB 141,274,000, All the Loans bear an interest rate of 5% per annum, are repayable within one year from 31 December 2021 and are unsecured.