The board of directors of Beijing Health (Holdings) Limited announced that on 30 June 2021, the Group and Xiamen International Bank Co. Ltd., Beijing Branch entered into a loan agreement pursuant to which Xiamen International Bank agreed to provide the Group a project loan in a principal amount of RMB 180,000,000 for five years, which was secured by properties of the Group located in Beijing, and was guaranteed by a joint liability guarantee provided by a wholly-owned subsidiary of the Group. The Group will withdraw the loan facility under the Agreement on project progress and capital requirement in due course. The Board is of the view that the loan facility could increase the capital source of the Group for further expanding the business of the Group and enhancing its competitiveness. Upon execution of the Agreement, the Group shall accelerate the commencement of Healthcare Industrial Park project which is in line with the overall strategy of the Group. As such, the Board is of the view that the execution of the Agreement is in the interest of the company and its shareholders as a whole.