Final Bell Holdings International Ltd. announced that, further to its press release dated August 18, 2022, it has closed a USD 13 million tranche (the "First Tranche") of its previously announced senior secured term loan facility (the "Loan Facility") with Golden Iris International Limited. Proceeds from the funding of the First Tranche were used to retire in full the senior secured convertible notes of the Company (the "Notes") and repay all amounts outstanding thereunder. In connection with the repayment of the Notes, the Company has entered into a supplement (the "Supplement") to the indenture governing the contingent share purchase warrants that were issued to the holders of the Notes (the "Warrant Indenture").

All previously announced amendments to the Warrant Indenture are in full force and effect pursuant to the terms and conditions of the Supplement.