The board of directors of Guangdong Land Holdings Limited announced that on 29 February 2024, the Company accepted an uncommitted revolving loan facility for a term of 360 days in the principal amount of HKD 500 million made available by a bank (the "Bank") to the Company subject to the terms and conditions as set out in a facility letter for the purposes of financing the general working capital and refinancing the existing indebtedness of the Group. Pursuant to the Facility Letter, the Company covenants to the Bank the following undertakings: At the date of this announcement, GDI, the immediate controlling shareholder of the Company, holds approximately 73.82% shareholding interest in the Company. Guangdong Holdings, the ultimate controlling shareholder of the Company and GDI, holds approximately 56.49% shareholding interest in GDI.