The board of directors of CNNC International Limited announced that an extension of repayment due date of the final instalment payment of approximately HKD 182,000,000 under the CT Loan to 31st December, 2025 was agreed between the Parent Company and the Group. CNNC Overseas Limited, the immediate controlling shareholder of the Company entered into a loan agreement with the Group effective from about 26th October, 2021, pursuant to which the Parent Company agreed to provide a loan in the principal amount of approximately HKD 230,000,000 to the Group for a term of three years due 2024, at an interest rate of approximately 2.45% per annum above the Hong Kong InterBank Offered Rate, which was same as the interest rate that the Group could by then obtain in the market. No financial or other covenants were required to be given by the Group, and the CT Loan was not be secured by assets of the Group.

On 28th December, 2023 (after trading hours), the Parent Company and the Group entered into a supplemental agreement to the Loan Agreement, pursuant to which the Parent Company has agreed to extend the repayment due date of the final instalment payment of approximately HKD 182,000,000 under the CT Loan to 31st December, 2025.