CSI Properties Limited has acted as guarantor for a new HK$5.90 billion term-loan package secured on 10 November 2026 by Southwater Hong Kong Limited, the Group’s 50%-owned joint-venture borrower. The syndicated facilities, arranged with unnamed financial institutions, refinance existing bank borrowings and carry a final maturity 42 months from signing.

The facility agreement mandates full prepayment within 10 business days if any of the following change-of-control events occurs:

1. The Chung Family’s aggregate beneficial interest in CSI Properties falls below 30%, except for short-term (≤14-day) placement arrangements that are fully topped up with new share issuances yielding no net disposal proceeds to the family.

2. The Chung Family ceases to be the single largest shareholder group of the company.

3. Either (a) Mr. Chung Cho Yee, Mico, or another Chung Family member ceases to chair the board, (b) the family loses overall control of the company’s management, or (c) more than 40% of board seats change hands within 18 months—unless Mr. Chung or another family member remains board chair and retains control over board composition.

CSI Properties will provide ongoing disclosure of its compliance with these undertakings in forthcoming interim and annual reports, in line with Hong Kong Listing Rule 13.21.