The Board announced that, on 20 January 2020, the Zhuhai Holdings Investment Group Limited as borrower, entered into a term loan facility letter with a bank pursuant to which the Bank has agreed to grant to the Company a committed term loan facility of up to HKD 200 million having the term of 36 months commencing from each drawdown during the availability period which is 6 months beginning from the date of the Company's acceptance of the Facility Letter ("Facility").