Zero Fintech Group Limited (00093) announced on 13 February 2026 that its indirect wholly owned subsidiary, X8 Finance, entered into two key agreements. The first is a HK$103.00 million term loan (February 2026 Loan) granted to Horn King, backed by first mortgages on Property I and Property III, and personal guarantees from Dr. Ho and Mr. Ho. The annual interest rate is 27.04% for the first six months and 21.68% for the remaining term, plus a 3% default rate.

X8 Finance also signed a Supplemental Loan Agreement with United Treasure and Mr. Ho, extending a HK$35.00 million loan (July 2025 Loan II) by 12 months from 13 February 2026 at a 19% annual interest rate and an additional 3% for defaults. This agreement retains the existing second mortgage on Property II.

Prior to these new transactions, X8 Finance had issued two loans on 7 July 2025: a HK$57.00 million loan to Horn King, Dr. Ho, and Mr. Ho, and a HK$35.00 million loan to United Treasure and Mr. Ho. By the announcement date, HK$92.00 million of these earlier loans remained outstanding. The new HK$103.00 million facility refinances the previous HK$57.00 million loan and provides a HK$46.00 million top-up, of which HK$25.00 million will be used to redeem the existing mortgage on Property III.

As the aggregated transactions exceed certain percentage ratios under the Listing Rules, they constitute a major transaction, subject to reporting, announcement, circular, and shareholder approval requirements. The company obtained written approval from its major shareholders, making a general meeting unnecessary. A circular with further details is set for dispatch on or before 31 March 2026, subject to a waiver application regarding the Listing Rules’ dispatch timeline.