REXLot Holdings Limited with the reference is made to the circular of the Company dated 25 April 2018 and the announcements of the Company dated 10 September 2018, 24 October 2018, 14 November 2018, 22 November 2018, 13 December 2018, 21 December 2018, 3 January 2019 and 9 January 2019. Unless otherwise stated, definitions used herein shall have the same meanings as those defined in the Circular and the said announcements. As disclosed in the announcements dated 22 November, 13 December 2018, 21 December 2018, 3 January 2019 and 9 January 2019, the Company and VC (and his associates, including Keen Start and Kingly Profits) (the "Parties") entered into a definitive agreement for the repayment of the Remaining Indebtedness on 22 November 2018 (as supplemented on 13 December 2018, 21 December 2018, 3 January 2019 and 9 January 2019) (the "Agreement"). It was agreed that the Company would complete Step A of the Agreement (i.e. to partially redeem the 2017 Bonds and the 2019 Bonds, and partially repay the Shareholder's Loan) no later than 23 January 2019.