The Board iof Excalibur Global Financial Holdings Limited announced that the Company has completed the issuance of the Notes to the Placee(s) in an aggregate principal amount of HKD 40,000,000 on 31 January 2022 (before trading hours) in accordance with the terms of the Placing Agreement. To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, the Placee(s) are independent third parties and are not connected persons of the Company.