The board of directors of Zhongliang Holdings (Group) Company Limited announced that on 16 March 2021, the company as borrower entered into a facility agreement with BOCI Leveraged and Structured Finance Limited as lender pursuant to which a USD 50,000,000 term loan facility would be made available by the Lender to the company subject to the terms and conditions of the Facility Agreement. The loan under the Facility shall be repaid on the date falling 364 days from the utilisation date of the Facility.