The board of directors of Shenzhen Investment Limited (the "Company") announced that on 24 April 2024, the Company as borrower accepted a facility letter (the "Facility Letter") relating to a term loan facility of USD 100,000,000 (or its equivalent in HKD) (the "Facility") offered by a bank as lender. The term of the Facility is 3 years. Pursuant to the Facility Letter, it will be an event of default if (i) Shum Yip Holdings Company Limited ("Shum Yip") ceases to own beneficially at least 35% of the issued share capital of the Company, ceases to be the single largest shareholder of the Company or ceases to have control over the Board; or (ii) Shum Yip ceases to remain directly or indirectly beneficially owned as to at least 51% by the Shenzhen Municipal People's Government of the People's Republic of China.

If the above event of default occurs, all amounts (including principal and interest) due and owing by the Company under the Facility Letter shall be immediately due and payable.