China Lesso Signs Up to US$200.00 Million Loan Facility; Change-of-Control Clause Tied to Chairman’s 69.13 % Stake

Bulletin Express03-30

China Lesso Group Holdings Limited on 30 March 2026 entered into a facility agreement providing term-loan and revolving-credit lines totaling US$165.00 million, with an option to scale up to US$200.00 million. The borrower is wholly owned subsidiary China Lesso Finance Limited, while the parent company acts as guarantor. Five lenders and two mandated lead arrangers and bookrunners participated in the deal.

The facility carries an initial tenor of 364 days from first drawdown, with two extension options: first to 36 months and then to 48 months, subject to conditions in the agreement.

A key covenant links the loan to the shareholding of Chairman and controlling shareholder Mr. Wong Luen Hei. Should Mr. Wong and his family collectively cease to hold at least 51 % of China Lesso’s voting share capital, lenders may cancel outstanding commitments and declare all amounts immediately due. As of the signing date, the Wong family holds approximately 69.13 % of issued shares, satisfying the covenant threshold.

The disclosure was made under Rule 13.18 of the Hong Kong Listing Rules.

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