According to Zhitong Finance App, Zhongjun Commercial Management (00606.HK) and Zhongjun Group Holdings (01966.HK) jointly announced that on November 24, 2022, the lender (an indirect wholly-owned subsidiary of Zhongjun Commercial Management) entered into a loan agreement with the borrower (Zhongjun's indirect wholly-owned subsidiary). The lender conditionally agreed to issue a loan amount of up to RMB 900 million to the borrower for a fixed period of time from the date of withdrawal to 31 December 2024. On November 19, 2024, the lender entered into a supplementary loan agreement with the borrower, and the lender conditionally agreed (among others) to extend the maturity date of the loan until December 31, 2026. On August 31, 2026 (that is, in terms of determining the amount of debt, the last practical date before publication of this announcement), the debt owed by Zhongjun Group to Zhongjun Commercial Management Group under the revised loan agreement was approximately RMB 908.4 million, or the sum of the outstanding loan principal amount of RMB 900 million and the accrued interest payable by the borrower under the revised loan agreement of approximately RMB 8.4 million.

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