China Resources Land entered into a term loan facility agreement with a bank for HKD 1 billion. The facility matures on the earlier of five years after the first advance or 10 June 2032. Under the agreement, an event of default may occur if China Resources (Holdings) ceases to be the single largest shareholder with at least 35% beneficial ownership and control. An event of default may also occur if the PRC central government ceases to beneficially own more than 50% of China Resources (Holdings).

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