VCREDIT Holdings Limited on 8 June 2023, the Company agreed to repurchase an aggregate principal amount of HKD 100,000,000 of the Notes (the "Repurchased Notes") by way of private treaty from an independent third party for a total consideration of HKD 100,000,000, plus accrued interest. Completion of the repurchase of the Repurchased Notes shall take place on 16 June 2023. The Repurchased Notes represent 50.0% of the original principal amount of the Notes and 50.0% of the outstanding principal amount of the Notes immediately prior to the repurchase of the Repurchased Notes.

The Repurchased Notes shall be cancelled following repurchase. After cancellation of the Repurchased Notes, the aggregate principal amount of the Notes remaining outstanding shall be HKD 100,000,000, representing 50.0% of the original principal amount of the Notes.