Zhongyu Gas Holdings Limited announced that the Company (as borrower) entered into a USD 565 million 3-year committed term loan facility agreement (the Facility) on 9 November 2021. The Facility has been successfully closed with oversubscription, representing the Company's fund raising capacity in the syndicated loan market under the pandemic situation. The Facility is structured with a greenshoe mechanism which enables banks that are still processing to join through a later stage. The oversubscription of the Facility once again shows the confidence of the onshore and offshore banking industry in the development strategy of the Company. The fund raised under the Facility is to be used to refinance the outstanding loans of the Group denominated in Hong Kong dollar and US dollar, which will improve the maturity profile and the debt structure of the Company and reduce the impact of market fluctuation on the operations and cash flow of the Group. The Company will continue to monitor the foreign exchange and interest rate risks and consider hedging material risks in relation to floating rate debts and foreign exchange with financial instruments under appropriate market conditions.