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中 關 村 科 技 租 賃 股 份 有 限 公 司
ZHONGGUANCUN SCIENCE-TECH LEASING CO., LTD.
(a joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1601)
ANNOUNCEMENT PURSUANT TO
RULE 13.18 OF THE LISTING RULES
This announcement is made by Zhongguancun Science-Tech Leasing Co., Ltd. (the "Company") pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board of directors (the "Board") of the Company announces that the Company, as the borrower, has entered into (i) a facility agreement (the "Facility Agreement") issued by a bank (the "Bank I") pursuant to which the Bank I will grant to the Company a one-year loan facility of US$25,000,000; and (ii) a loan agreement (the "Loan Agreement", Facility Agreement and Loan Agreement collectively the "Agreements") issued by a bank (the "Bank II") pursuant to which the Bank II will grant to the Company a one-year loan of RMB50,000,000.
As one of the undertakings of the Agreements, Zhongguancun Development Group Co., Ltd. ("ZGC Group"), the controlling shareholder of the Company, shall maintain as the largest shareholder (directly or indirectly) of the Company throughout the term of the Agreements. In the event the aforesaid undertakings have been breached, the Bank I and Bank II may terminate the Agreements and demand immediate repayment of all outstanding amounts from time to time.
As at the date of this announcement, ZGC Group directly and indirectly holds approximately 48% of the issued shares of the Company and is the largest shareholder of the Company.
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The Company will make disclosure in its subsequent interim and annual reports pursuant to Rule
- of the Listing Rules so long as circumstances giving rise to the obligations under Rule
- of the Listing Rules continue to exist.
By order of the Board
Zhongguancun Science-Tech Leasing Co., Ltd.
DUAN Hongwei
Chairman
Beijing, the PRC, August 31, 2020
As at the date of this announcement, the Board comprises Mr. HE Rongfeng and Mr. HUANG Wen as executive Directors, Mr. DUAN Hongwei, Mr. LOU Yixiang, Mr. ZHANG Shuqing and Mr. LI Peng as non-executive Directors, and Mr. CHENG Dongyue, Mr. WU Tak Lung and Ms. LIN Zhen as independent non-executive Directors.
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