Lai Sun Development: HK$1,183 million for a 5-year secured term loan for the development of a site at 79 Broadcast Drive, Kowloon Tong, Kowloon

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Press release

Lai Sun Development Company Limited

5-year HK$1,183 million secured term loan facility

for the development of a site located at

No. 79 Broadcast Drive, Kowloon Tong, Kowloon

(Hong Kong, March 24, 2022) Gainful Limited, owner of the captioned site and indirect wholly-owned subsidiary of Lai Sun Development Company Limited (0488.HK) (“Lai Sun“), has mandated The Bank of East Asia, Limited, Bank of China (Hong Kong) Limited, Bank of Communications (Hong Kong) Limited, China Construction Bank Corporation, Hong Kong Branch, China Everbright Bank Co., Ltd., Hong Kong Branch, Dah Sing Bank, Limited, DBS Bank (Hong Kong) Limited, Hang Seng Bank Limited and Oversea-Chinese Banking Corporation Limited will be the lead arrangers and lenders for the establishment of a secured term loan facility of 5 years (the “EstablishmentThe facility was significantly oversubscribed with a total commitment of HK$2,948 million received by Gainful Limited, representing approximately 249% of the total facility amount of HK$1,183 million.

We would like to thank all mandated lead arrangers and lenders for their strong support of the facility as well as Gainful Limited and Lai Sun and look forward to completing this transaction in the coming weeks.

The main terms and participating banks of the Facility are as follows:

Borrower

:

Limited Remuneration

Type of establishment

: Secured Term Loan Facility

Facility amount

:

HK$1,183 million

Term

:

5 years

Interest rate

: 1% per year on HIBOR

Installer/

:

The Bank of East Asia, Limited

Security agent

Mandated manager

: The Bank of East Asia, Limited

Arrangers and lenders

Bank of China (Hong Kong) Limited

Bank of Communications (Hong Kong) Limited

China Construction Bank Corporation, Hong Kong Branch

China Everbright Bank Co., Ltd., Hong Kong Branch

Dah Sing Bank, Limited

DBS Bank (Hong Kong) Limited

Hang Seng Bank Limited

Oversea-Chinese Banking Corporation Limited

For any request, please contact:

Ms. Freda Chang, Group Financial Controller (t: 852 2370 5702)/

Ms. Wei Wei, Group Corporate Finance (t: 852 2853 6116)

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