The board of directors (the “Board”) of Beijing North Star Company Limited (the“Company”) announces that, on 18 September 2018, the Company (as borrower)entered into a trust loan agreement (the “Loan Agreement”) with Beijing International Trust Co., Ltd. (as lender) (the “Lender”) for up to RMB1 billion of loans under the Beijing Trust-Wisdom Capital Collective Fund Trust Plan (北京信托 • 盈瑞資本集合資金信托計劃貸款) (the “Loans”). The term of each loan shall be 10 years from the date of drawdown. Beijing North Star Industrial Group Co., Ltd. (“BNSIGC”), the controlling shareholder of the Company, has provided guarantee to the Lender in respect of the Loan Agreement. The Loans shall be used for repayment of the external liabilities of the National Convention Centre and the National Convention Centre Hotel held by the Company (the “Underlying Assets”) and other purposes related to the Underlying Assets.