Greenheart Group Limited — Capital/Financing Update 2021

May 10, 2021

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.

天譽置業 (控股) 有限公司

SKYFAME REALTY (HOLDINGS) LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 00059)

VOLUNTARY ANNOUNCEMENT ENTRY INTO SYNDICATED LOAN AGREEMENT

This announcement is issued by the board of directors (the "Board") of Skyfame Realty (Holdings) Limited (the "Company") on a voluntary basis to update the shareholders and potential investors of the Company on the latest status of the Company's old village redevelopment project at Fengwei Village, Jiufo Street, Huangpu District, Guangzhou (廣州市黃埔區九佛街鳳尾村舊村改造項目) (Project No. CZ2020-1925) (the "Project").

Reference is made to the Company's announcement dated 22 December 2020 in relation to a notice from 廣州市黃埔區九佛街鳳尾村經濟聯合社 (Fengwei Village Economic Cooperative Society, Jiufo Street, Huangpu District, Guangzhou*) informing 南寧天譽巨榮置業有限公司 (Nanning Tianyu Jurong Realty Company Limited*), an indirect wholly-owned subsidiary of the Company ("Tianyu Jurong"), that following the open tender process for the introduction of cooperative entity on the Guangzhou Public Resources Trading Service Platform and based on the results thereof, it has been agreed that Tianyu Jurong is the successful tender and became the cooperative entity for the Project. On 24 December 2020, the cooperative framework agreement of the Project was entered into by the parties as agreed under the Business Invitation Document and the Tender Document.

THE SYNDICATED LOAN AGREEMENT

The Board is pleased to announce that on 8 May 2021, 廣州市天鳳有限責任公司 (Guangzhou Tianfeng Company Limited*), the Company's indirectly owned subsidiary and the project company, as the borrower, Guangzhou Rural Commercial Bank Co., Ltd. Huangpu Sub-branch, Agricultural Bank of China Co., Ltd. Guangzhou Beixiu Sub-branch and Bank of China Limited Guangdong Branch, as the lenders, entered into a syndicated loan agreement pursuant to which the lenders have agreed to provide syndicated credit facility for the Project not exceeding RMB8.279 billion with interest at approximately $7%$ per annum.

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The contents of this announcement do not constitute a profit forecast or profit warning for the Project and are intended for the careful consideration of the shareholders and potential investors of the Company only.

By Order of the Board Skyfame Realty (Holdings) Limited YU Pan Chairman

Hong Kong, 10 May 2021

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. YU Pan (Chairman), Mr. WEN Xiaobing, Mr. WANG Chenghua and Mr. JIN Zhifeng; one non-executive Director, namely Mr. WONG Lok; and three independent non-executive Directors, namely Mr. CHOY Shu Kwan, Mr. CHENG Wing Keung, Raymond and Ms. CHUNG Lai Fong.

• for identification purpose only

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