This announcement is published on a voluntary basis by the board of directors of Yuan Heng Gas Holdings Limited Reference is made to the announcement of the Company dated 4 January 2021 in relation to a loan facility of HKD 15 million. Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as defined in the Announcement. The Board announce that on 4 January 2022, being the maturity day of the Loan, the Company repaid the Lender the entire principal of the Loan of HKD 15 million together with all accrued interest, and all securities (including the Charge provided by the Chargor and the Guarantee provided by Mr. Wang) in favour of the Lender in relation to the Loan will be discharged in accordance with the terms of the relevant Finance Documents.

The obligations of the Company under the Indemnity Agreement will also be discharged accordingly. The Board considers that there is no material impact on the Company 's financial position as a result of the repayment under the Loan Agreement.