Sasseur Real Estate Investment Trust said its wholly owned China subsidiaries, Chongqing Sasseur Suge Apparel Joint Stock Co., Ltd and Sasseur (Chongqing) Business Co., Ltd, have each signed five-year secured onshore facility agreements dated Feb, 10 2026 with a domestic lender.

The two agreements provide a combined onshore term loan facility of up to RMB639 million, which will be used to refinance part of the trust’s existing secured onshore loans that mature in Mar, 2028 at a lower financing cost. Utilisation of the new facilities is subject to conditions set out in the agreements.

Under the terms, a mandatory prepayment will be triggered if either subsidiary ceases to hold 100% of its respective outlet or if Sasseur Cayman Holding Limited, the sponsor of the trust, no longer maintains effective control over the borrowers. In such events, the lender can cancel the facilities and require immediate repayment of all outstanding amounts, which could total up to RMB639 million, excluding interest, once fully drawn.

The manager, Sasseur Asset Management Pte. Ltd., confirmed that none of these conditions has been breached as of the announcement date.