TOP FORM INT'L (00333.HK): Gets USD 3 Million Loan from Major Shareholder

NewTimeSpace News: On 29 September 2026, Top Form International Limited (stock code: 00333.HK) announced that TFB, an indirect wholly-owned subsidiary of the Company, entered into a facility agreement with Mr. Wong, a substantial Shareholder, pursuant to which Mr. Wong agreed to make available to TFB an unsecured loan facility of up to USD 3,000,000 (equivalent to approximately HKD 23,310,000) for a term of 24 months from the date of first drawdown.

The loan bears interest at the USD Secured Overnight Financing Rate plus 200 basis points (SOFR + 2.0%), with accrued interest payable quarterly in arrears. The principal is repayable in equal instalments together with accrued interest on a quarterly basis. TFB may draw down the loan in one lump sum or in multiple tranches from the date of the facility agreement on at least 5 business days' prior written notice, with the availability period ending on the third month of the date of the facility agreement. TFB may also early repay the loan in part or in full with at least 10 business days' prior written notice.

The loan is not secured by any assets of the Group, and the Company intends to use the proceeds to enhance production capacity and fulfil growing customer demands. Mr. Wong, the Chairman and an executive Director, is a substantial Shareholder directly and indirectly interested in approximately 26.48% of the Company's Shares and is a connected person under Chapter 14A of the Listing Rules, so the receipt of financial assistance constitutes a connected transaction. As the loan is unsecured and on normal commercial terms or better, the transaction is fully exempted from the reporting, announcement, circular and independent Shareholders' approval requirements under Rule 14A.90.

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