REXLot Holdings Limited agreed that the Company would complete Step A of the Agreement (that is to partially redeem the 2017 Bonds and the 2019 Bonds, and partially repay the Shareholder's Loan) no later than 22 February 2019. The Company requires more time to effect the partial repayment of the remaining indebtedness in Step A of the Agreement due to a direct settlement arrangement with a major Bondholder. Since the Company's announcement made on 14 February 2019, the Group's bank has received the necessary documentation from Euroclear. However, there was a delay on the part of the major Bondholder's custodian in issuing the document confirming the renunciation of the right to receive partial payment on 22 February 2019 through Euroclear. Accordingly, the Group's bank was unable to process the payments in time for the partial repayment of the Bonds and the Shareholder's Loan to be made by 22 February 2019. After discussion with the major Bondholder, the bank and the trustee, the Company plans to partially repay the Bonds and the Shareholder's Loan by 1 March 2019. The Company understands that the major Bondholder's custodian will re-issue the confirmation to renounce the right to receive the partial payment on 1 March 2019 through Euroclear, so that the Group's bank may process the payment. In the event that the payments cannot be made by 1 March 2019 directly or indirectly as a result of the renunciation process, the Company will cancel the renunciation arrangement with the major Bondholder. In that case, the trustee will proceed with the partial redemption to the Bondholders and the Company will partially repay the Shareholder's Loan by 8 March 2019. In light of the foregoing, the Parties have agreed to further extend the completion deadline of Step A of the Agreement to 8 March 2019. Notice of the revised payment date and payment details in respect of the partial redemption of the Bonds will be issued on 21 February 2019 to the Bondholders through the trustee of the Bonds.