GBA Holdings Limited (Stock Code: 00261) released an announcement regarding the extension of several loan agreements involving its indirect wholly-owned subsidiary, CCT Land Finance Limited (the Lender). The loans in question were originally granted to OwOh Concept Limited (Borrower CT), Cheer Wise Investments Limited (Borrower 1), and First Glory International Limited (Borrower 2), each in the principal amount of 4.50 million Hong Kong dollars. All three extensions were executed on 16 February 2026, setting a new maturity date of 15 February 2027, with an annual interest rate of 8.00%. The loans remain unsecured and funded by the Group’s internal resources.
According to the announcement, Borrower CT is wholly owned by Ms. Wong, an executive Director of GBA Holdings Limited, making the loan extension to Borrower CT a connected transaction under Chapter 14A of the Listing Rules. Since the applicable percentage ratios exceed 0.10% but remain below 5.00%, this connected transaction is subject only to reporting and announcement requirements and is exempt from the circular and shareholders’ approval requirements. Borrower 1 and Borrower 2 are not connected persons but, because at least one of the relevant percentage ratios for these loans exceeds 5.00% and remains below 25.00%, the extensions of Loan 1 and Loan 2 constitute disclosable transactions under Chapter 14 of the Listing Rules.
The Lender is a registered money lender in Hong Kong that provides lending services. GBA Holdings Limited’s Board noted that the extended term and retained interest rate of 8.00% allow for continued interest income, which is expected to support the Group’s revenue. All borrowers have accrued interest payable in addition to outstanding principal, and each extension includes customary default clauses and conditions precedent.
GBA Holdings Limited emphasized that the transactions follow standard commercial terms and adhere to the Listing Rules while delivering a steady income stream. No additional cash outflow is involved beyond the previously granted principal amounts. The Board (excluding the Director with a material interest in the connected transaction) affirmed that the extensions serve the Group’s ordinary course of business and align with overall interests of both the Company and its shareholders.