Richly Field China Development Limited announced that the Group had obtained an indication from a bank in China that the repayment term of entire principal and interests in relation to the RMB 950 million loan would be extended to June 2022. The Loan was offered by a bank together with a financial institution for a term of 5 years. As at 20 September 2019, the outstanding principal of the Loan was RMB 950 million, with accrued interest of approximately RMB 38.3 million and accrued default interest of approximately RMB 14.7 million; Accumulated total repayment of approximately RMB 248.8 million shall be made by the Company to the relevant bank to settle a portion of the principal and the then accrued interest of the Loan before 30 June 2020; Accumulated total repayment of approximately RMB 486.8 million shall be made by the Company to the relevant bank to settle a portion of the principal and the then accrued interest of the Loan on 30 June 2021; and All remaining principal balance and accrued interest of the Loan shall be repaid by the Company to the relevant bank before 30 June 2022, with payment of the default interests of approximately RMB 14.7 million before 29 June 2020.