eprint (1884) Announces HK$2,000,000 Yacht-Backed Loan and Discloseable Transaction

Bulletin Express
2025/12/02

eprint Group Limited (1884) announced that its indirect non-wholly owned subsidiary, Yacht Easy International Limited (YEIL), has entered into a Loan Agreement dated 2 December 2025 with Ayana Yacht Company Limited as borrower and an individual guarantor. The agreement provides a secured loan of HK$2,000,000 at an annual interest rate of 9.6% for 12 months.

The loan is backed by a registered charge over a Jin Fan brand pleasure yacht (model: 52t) located in Kwun Tong, Hong Kong, valued at approximately HK$4,500,000 by an independent surveyor. This arrangement results in a loan-to-value ratio of about 44.4%. Interest of HK$16,000 is to be paid monthly, and the principal is due at maturity, with an option for either party to terminate early upon 50 days’ notice.

According to the announcement, the borrower is an existing client of YEIL and has fully repaid a previous loan of HK$2,400,000 granted in July 2025. The new loan, aggregated with the previous one, exceeds 5% but is less than 25% under the Listing Rules size tests, constituting a discloseable transaction pursuant to Chapter 14 of the Listing Rules. The loan will be funded by the group’s internal resources and is in line with the principal business of YEIL, which provides yacht financing under Hong Kong’s Money Lenders Ordinance.

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