Honye Financial Services Ltd. announced that it has entered into a loan agreement with Tang Investment No 1 Limited. The principal amount of the loan is £275,000. The Loan is unsecured with interest accruing on the principal at the rate of 6.25% per annum.

The Loan is capable of repayment at the Company's option and has a maturity date of 5 April 2027. The proceeds of the Loan shall be used to continue to fund the reverse takeover transaction announced on 9 June 2021, completion of which the Company is targeting before the end of H1 this year ("RTO").