The board of China All Access (Holdings) Limited to announce that on 6 May 2021, the Company entered into a credit facility agreement (the "Agreement") with ADIB Holdings Limited, a company incorporated in Hong Kong (the "Credit Facility Provider"). Pursuant to the Agreement, the Credit Facility Provider agreed to provide credit facility up to USD 300 million for the investment, construction and operation of 5G telecommunications infrastructure projects. The credit facility is revolving credit facility effective from 25 May 2021 until 24 May 2026 at the interest rate of 4.5% per annum. The Company is allowed to draw down the credit facility by one tranche or by different tranches through written application. Both parties will execute guarantee agreements, including maximum guarantee agreement, mortgage agreement and pledge agreement for each transaction done under the Agreement in order to guarantee the repayment of all credit. The Board is of the view that the entering into the Agreement is beneficial to the Company as it provides prominent amount of financing resources for telecommunications projects which can generate more profitable business and positive operating cashflow for future development as well as repayment of all existing debts. The Company has submitted its use of proceeds plan and has received approval from the Credit Facility Provider. The Company will proceed to the stage of business negotiations with various stakeholders, including equipment vendors, project subcontractors and business partners with the target of closing all relevant contracts for submission to the Credit Facility Provider to meet with the time window of the credit facility.