China Resources Land faces CRH performance obligations

China Resources Land Limited (HKEX:1109) announced that a facility agreement, made pursuant to Rule 13.18 of the Listing Rules, includes specific performance obligations on China Resources (Holdings) Company Limited (“CRH”), which acts as a guarantor. The agreement, dated June 20, 2025, involves Champ Rider Limited as borrower, China Resources Land and CRH as guarantors, and Dragon Rider Development Limited. The term loan facility totals HKD8,643,500,000. Events of default include CRH ceasing to own at least 55% of the PropCo, losing control of the PropCo and Borrower, or CRH no longer being the single largest shareholder of the Company or ceasing to own at least 35% of the Company. The Facility Agent can cancel commitments and enforce security measures if these events occur.