CSSC (Hong Kong) Shipping Company Limited, as borrower, entered into a facility agreement (the Facility Agreement) with a bank, as lender (the Lender), pursuant to which the Lender has agreed to grant a loan to the Company in the amount up to RMB 750,000,000 to finance the working capital of the Company. The maturity date of the facility is 36 months from the date of the first draw down.