GUAN CHAO HLDGS (01872) announced that as of the announcement date, all preconditions for disbursing the second loan (amounting to RMB 7 million) have been satisfied in accordance with the terms set forth in the investment agreement. Accordingly, the company will disburse the second loan to the joint venture pursuant to the terms of the investment agreement.

The directors emphasize that the development progress of the project company, which focuses on the production and sales of lithium niobate thin films, has achieved results consistent with the company's initial expectations. The board of directors will issue separate announcements at appropriate times to inform shareholders and potential investors of any material developments regarding the group's business operations.