Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

新灃集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 01223)

DISCLOSEABLE TRANSACTION

SUPPLEMENTAL LOAN AGREEMENT - UPDATE

Reference is made to the announcement of the Company published on 19th July 2019

("July Announcement").

Capitalized terms used here shall bear the same meaning as they appear on the July Announcement.

The repayment date of the Supplemental Loan Agreement is 20th October 2019

("Repayment Date").

Customer A is Hou Qin ("the Borrower"), a merchant.

On 18th October 2019, the Borrower and China Rise Finance entered into another supplemental loan agreement to extend the Repayment Date to 20th November 2019 on the condition that the Borrower repays HK$5,000,000. Accordingly, the Principal has been reduced to HK$45,000,000. Other terms of the Supplemental Loan Agreement shall continue.

By order of the Board

Symphony Holdings Limited

Cheng Tun Nei

Chairman

Hong Kong, 18 October 2019

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* For identification purpose only

As at the date of this announcement, the Directors are:

Executive Directors:

Mr. Cheng Tun Nei (Chairman & Chief Executive Officer)

Mr. Chan Kar Lee Gary

Mr. Lee Cheung Ming

Independent non-executive

Mr. Shum Pui Kay

Directors:

Mr. Wah Wang Kei Jackie

Mr. Chow Yu Chun Alexander

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Symphony Holdings Ltd. published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 10:18:06 UTC