The board of directors of MMP Resources Limited announced that the Company has on 20 January 2020 entered into a loan agreement with Solar Founders Limited (the Lender) in connection with the grant of a loan of SGD 154,000 to the Company (the Loan). The Lender is a private company limited by shares incorporated in Cayman Islands. The Lender holds 29% of the shares in the issued and paid-up share capital of Alliance Brands Limited which in turns holds all the shares in the issued and paid-up share capital of Operation Alliance Global Limited. As at the date of this announcement, the Lender, Alliance Brands Limited and Operation Alliance Global Limited do not hold any shares in the Company.