On 9th January 2017, the China Resources Land Limited, as borrower, accepted a facility agreement for a RMB 1,500,000,000 term loan facility with a bank. The Loan Facility has a term of two years commencing from the date on which the first advance under the facility agreement is made. Pursuant to the Facility Agreement, it shall be an event of default if (i) CRH ceases to remain the single large shareholder of the Company; (ii) CRH ceases to have an aggregate beneficial ownership and control (directly or indirectly) of not less than 35% in the issued share capital of the Company; of (iii) CRH ceases to have the ability from a practical perspective to control the appointment of directors to the board of the Company. As at the date of this announcement, CRH owns approximately 61.27% of the issued share capital of the company. If an event of default under the Facility Agreement occurs, the Lender shall declare any commitment under the Facility Agreement to be cancelled and/or declare all outstanding amounts together with interest accrued thereon and all other sums payable by the Company under the Facility Agreement to be immediately due and payable.