The Board announced that, on 26 March 2021, Zhuhai Holdings Investment Group Limited (the Company), as borrower, entered into a facility letter (Facility Letter) with a bank (Bank), pursuant to which the Bank has agreed to grant to the Company a term loan facility of up to HKD 500 million having the maturity date falling 2 years from the date of each drawdown by the Company under the Facility Letter (Facility). Pursuant to the terms of the Facility, each of Zhuhai Jiuzhou Corporation Management Co. Ltd., a wholly-owned subsidiary of the Company, and Zhuhai Jiuzhou Holdings Property Development Co. Ltd. (ZJ Development Company), a non wholly-owned subsidiary of the Company and a connected person of the Company under Chapter 14A of the Listing Rules, is required to pledge certain fixed-term bank deposits as security for the Facility (Pledge). As the financial assistance by way of the Pledge to be provided by ZJ Development Company is for the benefit of the Company on normal commercial terms where no security over the assets of the Company or its subsidiaries is granted to ZJ Development Company, the Pledge is exempt from compliance with all reporting, announcement and independent shareholders' approval requirements under Chapter 14A of the Listing Rules pursuant to Rule 14A.90 of the Listing Rules. Under the Facility Letter, the Company has covenanted and undertaken to the Bank, among others, that throughout the term of the Facility: Zhuhai Municipal People's Government State-owned Assets Supervision and Administration Commission shall directly or indirectly remain as the single largest shareholder of the Company or maintain control over the management of the Company; and Subsequent to the withdrawal of listing of the Company's shares on the Stock Exchange pursuant to the proposal for the privatization of the Company by way of scheme of arrangement as announced by the Company on 22 January 2021, Zhuhai Jiuzhou Holdings Group Co. Ltd. (ZJ Holdings) shall issue a letter of comfort in the form satisfactory to the Bank for the purpose of providing assurance for the due repayment of the Facility.