Titan Invo Technology Limited announced reference is made to the announcement of the company dated 2 August 2022 in relation to a facility agreement entered into between, among others, the company as borrower and an independent third party as lender (the Lender) in respect of a secured loan of HKD 230 million (the Loan). The board of directors of the company wishes to inform the shareholders of the company and potential investors that on 7 October 2022, a waiver letter (the Waiver Letter) was executed by, among others, the company and the Lender, pursuant to which the Lender waives the events of default and/or the company's obligations under the Facility Agreement subject to certain conditions, including, among others, the resumption of trading of the shares of the company on the Stock Exchange on or before 17 April 2023.