The Board announces that on 4 April 2022 (after trading hours), Sun Fung Capital Limited (the Lender) entered into the Loan Agreement with Deson Development International Holdings Limited (the Borrower), pursuant to which the Lender agreed to provide to the Borrower a loan of HKD 8,000,000 for a term of 24 months. Principal terms of the Loan Agreements are set out as below: Purpose: use as part of general working capital. Principal amount: HKD 8,000,000.

Interest rate: 10% per annum with interest payable in monthly intervals. Repayment date: 24 months from the drawdown date, callable on demand by the Lender upon the occurrence of an event of default as provided under the Loan Agreement. Drawdown date: within 6 months of the execution of the Loan Agreement.

Early repayment: early repayment without penalty shall be permitted by the Borrower by giving not less than 7 days' notice in writing.