On 5 August 2026, Health and Happiness (H&H) International Holdings Limited (H&H International) and its wholly-owned subsidiary Biostime Healthy Australia Investment Pty Ltd signed a syndicated facilities agreement with The Hongkong and Shanghai Banking Corporation Limited acting as agent and security agent. The pact establishes two new credit lines with a combined limit equivalent to USD330.00 million.
Key facility terms • Composition: USD320.00 million term loan facilities plus a USD10.00 million revolving credit facility. • Purpose: the term loan will fund the full repayment of the Group’s offshore CNH term loan (27 June 2024) and previous syndicated facilities (30 August 2024), cover related refinancing expenses and, once those debts are cleared, support general corporate needs. The revolver is dedicated to working-capital and other corporate purposes. • Availability: term loan drawdowns permitted for nine months from signing; revolving drawings allowed until one month before its termination date, subject to satisfaction of conditions precedent, including National Development and Reform Commission registration. • Tenor and repayment: both facilities carry an initial 36-month maturity from first utilisation, with an option—subject to lender consent—to extend by a further 24 months (up to 60 months total). Term loan principal will amortise in instalments, while each revolver drawing is repayable at the end of its interest period. • Change-of-control covenant: if Chairman Luo Fei and his family cease to hold, directly or indirectly, the largest voting stake in H&H International, all commitments will be cancelled and outstanding amounts become immediately due.
The Company deems the pricing and covenants customary for comparable financings. It will continue to disclose developments under Listing Rule 13.21 while the change-of-control condition remains in force. Management emphasises that utilisation of the facilities remains contingent upon fulfilment of all precedent conditions, and investors are urged to exercise caution when dealing in H&H International securities.