On 18 August 2022, CSSC (Hong Kong) Shipping Company Limited entered into a term loan facility agreement (the 'Facility Agreement') with a bank as lender pursuant to which, the bank has agreed to make available to the Company a term loan facility of up to USD 300,000,000 for financing the working capital requirement of the Company including but not limited to purchase of vessels. The loan shall be repaid in full in 3 years from the utilisation date under the Facility Agreement.