Canvest Environmental Protection Group Company Limited announced that on 30 August 2022, the Company (as borrower) entered into a facility agreement (the "Agreement'') with certain financial institutions (as lender) pursuant to which a term loan facility in the aggregate amount of HKD 2,891,000,000 (with incremental facilities of up to a further HKD 200,000,000) for a term of 36 months from the date of first utilisation was granted to the Company.