Leading Affluence Limited, a wholly-owned subsidiary of Yuexiu Property Co. Ltd., has entered into a facility agreement with a bank for a term loan facility valued at HK$1,450 million, with a term of three years from the initial drawdown date. The obligations under this agreement are guaranteed by Yuexiu Property. An event of default is stipulated in the agreement should the shareholding of Yue Xiu Enterprises (Holdings) Limited, the controlling shareholder of Yuexiu Property, fall below 30%, or if Yue Xiu ceases to be the largest beneficial shareholder or loses effective management control. Currently, Yue Xiu holds about 44% of Yuexiu Property's issued shares.