Resa Group Limited has repaid in full the Secured Loan Facility (Secured Facility) which it first announced on the 15th of January 2019. This repayment brings the Company's secured debt level to nil balance. The total drawn principle of $1,950,000, interest and costs up until the 31st of March 2020, and costs associated with managing the facility have now been repaid. As at 25 June 2020, the Company has confirmed that the security interest associated with the Security Facility has been released. The repayment of the Secured Facility marks a significant milestone as it further enhances the health of the Company's balance sheet and financial position. Principle repayments comprise of selling certain assets of the Company, cash generated from operational cash flow, and through the recent debt-to-equity swap as announced on the 11th of May 2020. The Board of RE1 continues to work towards completing the proposed acquisition of Tombador Iron Singapore Pte Ltd. and will issue a notice of meeting to shareholders in due course.