Zero Fintech Group Limited (Stock Code: 00093) has announced a series of loan transactions through its indirect wholly-owned subsidiary, X8 Finance, constituting a major transaction under the Listing Rules.

X8 Finance entered into a new facility agreement on 13 February 2026 with Horn King Limited for a principal amount of HK$103.00 million, known as the February 2026 Loan. This loan bears an interest rate of 27.04% per annum for the first six months and 21.68% per annum for the subsequent six months, subject to an additional 3% default interest. Horn King has secured the loan with a first mortgage over a specified property, alongside a personal guarantee from Dr. Ho and Mr. Ho.

On the same date, X8 Finance also signed a supplemental loan agreement with United Treasure (Hong Kong) Limited and Mr. Ho to extend the repayment date of the existing July 2025 Loan II, amounting to HK$35.00 million, by 12 months. Interest remains at 19.00% per annum with a 3% default rate, secured by a second mortgage.

Taking into account prior loan agreements signed within a 12-month period, the combined transactions exceed the 25% threshold under the Listing Rules, classifying these as a major transaction and triggering reporting, announcement, circular, and shareholders’ approval requirements. The company received written approval from shareholders holding more than 50% of its total issued shares and voting rights; as a result, no general meeting will be convened for this transaction.

A circular containing more details, plus financial information of the group, is expected to be dispatched on or before 31 March 2026. Zero Fintech Group states that these transactions are part of the ordinary course of business and have been arranged on normal commercial terms deemed fair and reasonable in the current market environment.