CSI Properties Limited announced that its indirect subsidiary, City Synergy Limited, signed a Facility Agreement on 29 July 2026 for term-loan facilities totaling HK$145.54 million. The funding, provided by an unnamed bank, will refinance existing loans and cover construction costs for a new residential building.

The loans mature on the earlier of (i) 30 months after the signing date or (ii) nine months following the issuance of the occupation permit for the project.

CSI Properties has issued a parent guarantee in favour of the lender. Key covenants require the Chung Family—defined to include Chairman Mr. Chung Cho Yee, his spouse, adult children and related trusts—to (1) maintain direct or indirect beneficial ownership of at least 30 % of the company’s issued share capital and (2) remain the single largest shareholder. A temporary disposal exemption permits up to 14 days of share placing, provided an equivalent top-up placement is completed within the same period and no net proceeds are retained by the family.

Any breach of these ownership conditions constitutes an event of default, allowing the lender to demand immediate repayment of all outstanding principal, interest and related amounts.

CSI Properties will continue to disclose compliance with these obligations in future interim and annual reports in accordance with Hong Kong Listing Rule 13.21.