HK FINANCE GP (01273.HK): Grants HKD 21.7 Million in Secured Loans to Three Borrowers, Constituting a Discloseable Transaction

NewTimeSpace News: On August 19 2026, Hong Kong Finance Group Limited (01273.HK) announced that HK Finance, its indirect wholly-owned subsidiary (the lender), entered into two loan agreements with Customer C, Customer D and Customer E (the borrowers), granting two secured loans with an aggregate principal of HKD 21,700,000.

Loan A has a principal of HKD 16,500,000, a monthly interest rate of 1.1% (annual rate of 13.2%) and a 12-month term, secured by first mortgages over residential properties at Lai Ping Road, Sha Tin, and Shau Kei Wan Road, Hong Kong, with an aggregate valuation of approximately HKD 23,800,000. Loan B has a principal of HKD 5,200,000, a monthly interest rate of 1.5% (annual rate of 18.0%) and a 12-month term, secured by second mortgages over two residential properties at Lai Ping Road, Sha Tin, one at Shau Kei Wan Road and one at Yau Cheung Road, Hong Kong, with an aggregate valuation of approximately HKD 42,600,000. The borrowers will repay interest monthly, with principal repayable upon maturity of each loan.

Calculated under Rule 14.07 of the Listing Rules, the applicable percentage ratio for the loans exceeded 5% but was below 25%, constituting a discloseable transaction of the company. Customer C is a businessman engaged in property investment in the PRC, Customer D is a business consultant, and Customer E is an independent third party; the three are closely connected. The directors consider the loan terms to have been negotiated at arm's length on normal commercial terms, and expect the interest income to generate steady returns and cash flow in the interests of the company and its shareholders as a whole. The loans will be funded from the group's general working capital.

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