The board of directors of Huajin International Holdings Limited announced that on January 23, 2018, the Group entered into two loan agreements with Mr. Xu Songqing whereby Mr. Xu agreed to provide unsecured loans in an amount of HKD 40 million and USD 3 million respectively to the Group for a term of three years at the interest rate of 1.00% per annum. The financial assistance from Mr. Xu is utilized by the Group as its general working capital.

The Group currently plans to expand its production capacity through acquisition of land use rights, plants construction, purchase and installation of production and processing equipment by its internal resources and borrowings.