Legend Upstar Holdings Limited (the “Company”) has entered into a Mortgage Loan Agreement through its indirect wholly-owned subsidiary, Legend Credit. Under the agreement, Legend Credit will provide a HK$16,000,000 mortgage loan at a 10% effective annual interest rate, repayable over 12 months.

According to the announcement dated 9 February 2026, the borrower’s first repayment of the principal is scheduled at maturity, with monthly interest installments. The loan is secured by one residential property and one car parking space located in Lam Tin, Hong Kong, which were independently valued at approximately HK$27,830,000. The default rate is set at 15%, and partial or full early repayment is permitted with written notice, with an early repayment fee applying under certain conditions.

The Company, through Legend Credit, continues to operate its money lending business in its ordinary course of operations. This transaction meets the criteria of a discloseable transaction under Chapter 14 of the Listing Rules, as it exceeds 5% but is below the 25% threshold of the applicable percentage ratios. As stated, the loan will be financed by internal resources, and the Company views the credit risk as manageable given the borrower’s repayment ability and pledged collateral.