Tian Shan Development (Holding) Limited announced reference to the announcements of the Company dated 22 February 2016, 26 October 2016 and 13 February 2018 in relation to, among others, the facility agreement dated 22 February 2016 (the ‘Amended Facility Agreement’) for a loan facility of up to an aggregate principal amount of HKD 550,000,000 granted by Maxiup Holdings Ltd. (the ‘Lender’) to the Company in two tranches and the specific performance obligations on the controlling shareholders of the Company there under. Terms used in this announcement shall have the same meaning as defined in the Announcements unless otherwise stated. As at 27 April 2020, the company has drawn down the whole amount of the first tranche facility in HKD 350,000,000 (the ‘First Tranche Facility’) and the second tranche facility in HKD 200,000,000 (the ‘Second Tranche Facility’). As at April 27, 2020, the company has repaid part of the loan in the amount of HKD 150,000,000. The outstanding loan in the First Tranche Facility of HKD 200,000,000 and the outstanding loan in the Second Tranche Facility of HKD 200,000,000 remained repayable by the Company under the Amended Facility Agreement. On 27 April 2020, the Company and the Lender executed the second amendment and restatement deed to further amend and supplement the Amended Facility Agreement. Under the Amended Facility Agreement as amended and supplemented by the second amendment and restatement deed (the ‘Second Amended Facility Agreement’), the Lender further agreed to extend the repayment date for the loan under the First Tranche Facility to 5 March 2022. In addition, pursuant to the Second Amended Facility Agreement, the interest rate for the outstanding amount under the First Tranche Facility would be down from 12% per annum to 11% per annum from 5 March 2020 onwards.