Putian Communication Group Limited announced as of the date of this announcement, the Company has drawn-down a loan of HKD 100,000,000 (the "Drawn-down Loan") from the Lender pursuant to the Loan Agreement. On 31 July 2020, the Company entered into an early repayment agreement (the "Early Repayment Agreement") with the Lender, pursuant to which the Company and the Lender have mutually agreed that the Loan Agreement will be early terminated with effect from 31 July 2020 and the Drawn-down Loan (together with all outstanding interest as of the repayment date) (the "Amount") shall be repaid by the Company to the Lender by 31 July 2020.