Buyang International Holding Inc. announced that on 8 May 2023, the Lender entered into the Loan Agreement with the Borrower, pursuant to which the Lender agreed to grant to the Borrower a secured loan of HKD 16,000,000 subject to the terms and conditions set out therein. A fixed term of 3 years from the date of drawdown of the Loan. Interest Rate: The interest rate on the Loan is 6% per annum, which shall accrue from day to day and be calculated on a basis of actual number of days elapsed over a year of 365 days.

The Borrower shall pay the interest on the Loan quarterly in arrears with the first interest repayment date on 8 May 2024. Early repayment terms: (a)  The principal amount of the Loan shall be repayable in full on the maturity date, being the date falling 3 years after the date of drawdown of the Loan. The Borrower may voluntarily repay all or part of the Loan together with accrued interest on the amount being repaid at any time from the date of the Loan Agreement provided that it shall provide not less than ten (10) days' prior written notice specifying the intended date of repayment.