The board of directors of the CIMC-TianDa Holdings Company Limited announced that on 30 December 2020, the Company, as borrower, signed a revolving loan facility letter (the "Facility") with a bank (the "Bank"), as lender, for a revolving loan of up to HKD 250,000,000 (the "Revolving Loan"). The Revolving Loan will be used for financing the general corporate funding requirements of the Group. Pursuant to the terms and conditions of the Facility, China International Marine Containers (Group) Co. Ltd. ("CIMC"), being the controlling shareholder (as defined under the Listing Rules) of the Company as at the date of this announcement, shall maintain, directly or indirectly, as the single largest shareholder of the Company throughout the continuance of the Facility and for so long as any amount is outstanding under the Facility (the "Specific Performance Obligation"). The failure to comply with the Specific Performance Obligation would constitute an event of default, and upon which, the Bank is entitled to cancel or revoke the Facility. Upon cancellation or revocation of the Facility, the Bank shall be discharged from all obligations in connection with the Facility and is entitled to claim against the Company for any amounts owing or payable by the Company to the Bank including damages for any loss suffered or incurred by the Bank.