Rexlot Holdings Ltd. announced as disclosed in the announcements dated 22 November 2018, 13 December 2018, 21 December 2018, 3 January 2019, 9 January 2019, 22 January 2019, 14 February 2019, 21 February 2019, 7 March 2019, 18 March 2019, 4 April 2019, 30 April 2019, 31 May 2019 and 28 June 2019, the Company and VC (and his associates, including Keen Start and Kingly Profits) (the "Parties") entered into a definitive agreement for the repayment of the Remaining Indebtedness on 22 November 2018 (as supplemented on 13 December 2018, 21 December 2018, 3 January 2019, 9 January 2019, 22 January 2019, 14 February 2019, 21 February 2019, 7 March 2019, 18 March 2019, 4 April 2019, 30 April 2019, 31 May 2019 and 28 June 2019) (the "Agreement"). It was 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 31 July 2019. As disclosed in the announcements made on 30 April 2019, 31 May 2019 and 28 June 2019, the Company and VC (in his capacity as a major shareholder of the Company) were requested by the bank to provide an undertaking and indemnity to the bank. The Company and the bank are still in the process of negotiating the terms of the draft undertaking and indemnity to be provided by the Company. Further to the Company's announcement made on 28 June 2019, the Company has provided to the bank its comments on the latest draft undertaking and indemnity. As at the date of this announcement, the Company has not received the bank's response. In the meantime, the Company is considering other options to resolve the current situation. In light of the foregoing, the Parties have agreed to further extend the completion deadline of Step A of the Agreement to 30 August 2019.