CR Construction Group Holdings Limited pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. On 20 November 2023, the Company, as borrower, entered into a facility agreement (the "Facility Agreement") with a bank, as lender, pursuant to which the Lender has agreed to grant a facility to the Company in the amount up to RMB 120,000,000 (the " Facility"). The maturity date of the Facility shall not exceed (a) 12 months from the date of first drawdown or (b) 84 months from the date of first drawsdown provided that the Approval and Registration of Mid-to-Long Term Foreign Debt of Enterprises required by the National Development and Reform Commission of the PRC has been completed and obtained by the Company pursuant to the terms conditions of the Facility Agreement.

Pursuant to the Facility Agreement, the Company undertakes that, throughout the life of the Facility, Zhe Jiang Sheng Jian She Tou Zi Ji Tuan Gu Fen You Xian Gong Si) shall, among others, remain as a controlling shareholder of the Company. If a breach of such undertaking occurs, the Lender may declare all the advances under the Facility together with all interest accrued thereon and all amounts outstanding thereunder to be immediately due and payable. As at the date of this announcement, Zhe Jiang Sheng Jiang Sheng Jian She Toui Ji Tuan Gu Fen you Xian Gong Si) indirectly holds approximately 72.23% of the issued shares of the Company and is controlling shareholder under the Listing Rules continue to exist.