Shenzhen Investment Limited on 31 July 2026 executed a new HK$400.00 million three-year term loan with an unnamed bank. Key default clauses require controlling shareholder Shum Yip Holdings to (1) own at least 35 % of Shenzhen Investment’s issued share capital, (2) remain the single largest shareholder with control, and (3) stay at least 51 % directly or indirectly owned by the Shenzhen Municipal People’s Government. A breach would trigger immediate repayment of principal, interest and all related sums.

On the same date, the company amended its 6 February 2024 HK$300.00 million term loan by adding a covenant that total shareholder loans to the group must not fall below HK$14.00 billion (or equivalent). Failure to meet this threshold constitutes an event of default, allowing the lender to cancel commitments and accelerate repayment.

Current metrics show compliance: Shum Yip beneficially holds 62.33 % of Shenzhen Investment’s shares (63.19 % including its wholly owned subsidiary), and aggregate shareholder loans exceed HK$14.00 billion.

The company will continue to disclose covenant status in interim and annual reports as required under Hong Kong Listing Rule 13.21.