E-Commodities Holdings Limited — Capital/Financing Update 2022

Nov 18, 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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E-COMMODITIES HOLDINGS LIMITED

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1733)

VOLUNTARY ANNOUNCEMENT ENTERING INTO THE COMPREHENSIVE BANKING FACILITY AGREEMENT BY A SUBSIDIARY

This announcement is made by E-Commodities Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) on a voluntary basis.

The board (the “ Board ”) of directors of the Company (the “ Director(s) ”) is pleased to announce that, on 18 November 2022, E-Commodities (Beijing) Supply Chain Management Co., Ltd.* (易大宗（北 京）供應鏈管理有限公司) (the “ E-Commodities Beijing ”), a subsidiary of the Company, and Xiamen International Bank Co, Ltd.* (廈門國際銀行) (the “ Bank ”) entered into a comprehensive banking facility agreement (the “ Comprehensive Banking Facility Agreement ”), pursuant to which the Bank agreed to extend an unsecured term loan in the principal amount of up to RMB30 million to E-Commodities Beijing for a term of two years commencing from 18 November 2022 and ending on 17 November 2024. The loan shall be used by E-Commodities Beijing as replenishment of working capital for daily operation.

The Board is of the view that the entering into the Comprehensive Banking Facility Agreement is beneficial to the Group as it provides additional financing resources for the business operation of E- Commodities Beijing which can strengthen its cashflow.

The Board considers that the terms of the Comprehensive Banking Facility Agreement were determined based on arm’s-length negotiations between the parties, and are fair and reasonable and in the interests of the Company and its shareholders as a whole.

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To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Bank and its ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

By Order of the Board E-Commodities Holdings Limited Cao Xinyi Chairman

Hong Kong, 18 November 2022

As at the date of this announcement, the executive directors of the Company are Ms. Cao Xinyi, Mr. Wang Yaxu, Ms. Di Jingmin and Mr. Zhao Wei; the non-executive director of the Company is Mr. Guo Lisheng; and the independent non-executive directors of the Company are Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. Gao Zhikai.

• For identification purposes only

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