Exhibit 10.8

Commercial Banking

(CARM 230811 / CM 230921)

CONFIDENTIAL

The Directors

Ewell Hong Kong Limited

Flat 707 7/F Lakeside 1 Phase 2

8 Science Park West Avenue

Shatin

Dear Sirs

BANKING FACILITY

SME FINANCING GUARANTEE SCHEME OPERATED BY HKMC INSURANCE LIMITED

We are pleased to confirm our agreement to granting you the following banking facility(ies) (the “Facility”, which term shall be a reference to any one or more of the following banking facility(ies) as the context may require) under the SME Financing Guarantee Scheme (the “Scheme”) operated by HKMC Insurance Limited (the “HKMCI”). The Bank shall have an unrestricted discretion to reduce, cancel or suspend, or determine whether or not to permit drawings in relation to, the Facility. The Facility is subject to review at any time, and also subject to the Bank’s overriding right of repayment on demand, including the right to call for cash cover on demand for prospective and contingent liabilities. The expression “Facility Letter” shall mean this facility letter as may be amended, supplemented or replaced from time to time.

We shall be entitled to debit from your account any interest, Scheme Guarantee Fees (referred to below) and any other fees and charges payable under this Facility Letter.

Save as stated otherwise, the terms of the Facility Letter shall continue to apply unless we send you a new, revised or supplemental facility letter.

FACILITY, FACILITY AMOUNT AND PURPOSE

FACILITY AND CONDITIONS

Drawdown Condition

Proceeds of the SFGS Facility must not be used directly or indirectly, wholly or partially, in:

PRICING

Interest will be charged at the Bank’s HKD Best Lending Rate (BLR) + l % p.a.

“Best Lending Rate” or “BLR” means a rate to be determined by the Bank from time to time and published at www.hsbc.com.hk or is available upon request.

SECURITY

As security for the Facility, we require the following item(s) in form and substance satisfactory to us:

This “Assignment of Receivables - General” needs to be registered with the Companies Registry. Please sign and return the “Assignment of Receivables - General” within 5 business days of execution. The related registration fee (currently HKD340.- per document) will be charged to the debit of the Borrower’s current account.

The Bank needs to obtain your consent before it can provide a copy or summary of the Facility, or information on your outstanding liabilities to the Bank, to any guarantor or security provider (the “Surety”) or to the Surety’s advisors. In addition, if the Bank is obliged to make any formal demand for repayment because you have failed to settle an amount due following our customary reminder, the Bank will also need to provide the Surety with a copy of its demand letter. Whether or not the Bank has made demand, the Bank will also need to provide the Surety with a copy of the latest statement of account and/or to give the Surety details of your outstanding liabilities to the Bank, whether actual or contingent. By accepting this letter, you are deemed to have consented to the Bank providing any of the aforesaid documents or information to the Surety, to the Surety’s solicitors and other professional advisers. Please note that if this consent is not given, the Bank will be unable to proceed with the transaction.

CONDITIONS PRECEDENT

No utilization/ drawing may be made under any of the Facility until the following conditions have been duly fulfilled:

The above conditions precedent shall be complied with by you to the satisfaction of the Bank on or before a day which is within 60 days from the date on which the HKMCI has given us a Notification of Result or such other date as agreed by us. We shall notify you when we receive the Notification of Result from the HKMCI.

OTHER CONDITIONS AND UNDERTAKINGS

By signing and accepting the Facility Letter, you hereby irrevocably agree, undertake and acknowledge as follows:

For the purpose of the Facility Letter, “Security” means a mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, security interest, cash collateral arrangement or other encumbrance of any kind security, or a right conferring a priority of payment in respect of, any obligation to pay of any person or any other agreement or arrangement having a similar effect, but does not include any lien arising in the ordinary course of trading by operation of law and not by contract (but shall include, in relation to any finance lease or hire purchase contract, the vesting of beneficial ownership of the relevant asset in the finance lessor or hire purchase seller, and shall include, in relation to any factoring or other receivables purchase facility, the vesting of beneficiary ownership of the factored or purchased receivables in the factor or purchaser).

For the purpose of this paragraph (5), “Related Entity” unless the context otherwise requires, shall be construed so that a person (A), being a sole proprietor, partnership or company, and another person (B), being a sole proprietor, partnership or company, are Related Entities of each other if any one or more persons, individually or jointly, directly or indirectly, hold, beneficially own or control 30% or more of the business interest in each of A and B.

For the purpose of the foregoing, “business interest” in relation to a company means the shares or equity interest of such company, and in relation to a partnership means the aggregate or overall rights or entitlements to participate in a distribution of profits of such partnership.

“Subsidiary” has the same meaning given to it in Section 2 of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong).

For the purpose of the Facility Letter, “Repayment Date” means the date on which any amount in respect of the Facility, or any part thereof, becomes due and payable by you to us according to the Facility Letter (whether by way of payment or repayment).

The Bank may take, and may instruct members of the HSBC Group to take, any action which the Bank in its sole and absolute discretion considers appropriate to prevent or investigate crime or the potential breach of sanctions regimes or to act in accordance with relevant laws, regulations, sanctions regimes, international guidance, relevant HSBC Group procedures and/or the direction of any public, regulatory or industry body relevant to any member of the HSBC Group. This includes the interception and investigation of any payment, communication or instruction, and the making of further enquiries as to whether a person or entity is subject to any sanctions regime (“Compliance Activity”).

Neither the Bank nor any member of the HSBC Group will be liable to the Borrower in respect of any loss (whether direct, consequential or loss of profit, data or interest) or delay, suffered or incurred by any party, caused in whole or in part by (i) actions taken, or delays or failure in performing any obligations under this letter by the Bank, or (ii) any steps taken by the Bank or any member of the HSBC Group, pursuant to Compliance Activity.

“HSBC Group” means HSBC Holdings plc, its subsidiaries, related bodies corporate, associated entities and undertakings and any of their branches and member or office of the HSBC Group shall be construed accordingly.

Definitions of ratios/figures

“Dividend Payments” means the aggregate of final and interim dividend and other distribution declared, recommended or made.

“Adjusted Tangible Net Worth” means Tangible Net Worth + dues to directors/ shareholders/ Group Company - dues from directors / shareholders / group Company.

The above ratios/figures will be determined by reference to the latest audited or management accounts or the financial statements provided by you from time to time. The Bank will calculate the ratios/figures in accordance with the accounting principles, standards and practices on which the preparation of the audited accounts of you was based and in accordance with the latest Statements of Standard Accounting Practice issued by the Hong Kong Institute of Certified Public Accountants. Any calculation made by the Bank will be conclusive.

AUTHORISATION

To secure the performance of your obligations under the Facility Letter, you hereby irrevocably authorise us, by way of security, to act on your behalf to execute all documents (including any security documents) and to do all things as may be required for the exercise of all or any of our powers or rights under the Facility Letter. You shall from time to time ratify and confirm whatever we shall do or purport to do in the exercise or purported exercise of all or any of the powers and rights under the Facility Letter.

REPRESENTATIONS

By signing and accepting the Facility, you represent and warrant that each of the matters set out in Schedules 1 and 2 hereto is true and correct and will remain true and correct for so long as the Facility is in force or you have any liabilities (whether actual or contingent) under the Facility. The following terms as used in Schedules I and 2 shall have the meaning as set out below:

“Borrower” means your company;

“Lender” means our Bank; and

“this Agreement” or “the Facility Letter” means this facility letter.

If any such representation or warranty shall become untrue or incorrect at any time, you shall immediately notify the Bank in writing.

SCHEME GUARANTEE FEES

The guarantee fees charged by the HKMCI under the Scheme shall be borne by you and be debited to your account on or before each relevant due date. Please refer to Schedule 3.

OTHER FEES, COSTS AND CHARGES

On our written demand you will pay to us all costs expenses and fees (including but not limited to any legal fees) incurred by us in connection with the extension, enforcement, investigation or supervision of the Facility. We may debit any amount payable by you to your current account or any other of your accounts with us if you fail to meet any demand.

Any legal costs incurred in connection with the completion and perfection of any security listed above shall be for your account whether or not the Facility becomes available. We may (but shall be under no obligation to do so) discharge such costs and debit the amount of such costs to your current account or any other of your accounts with us.

DEFAULT INTEREST

Please note that interest will be payable on sums which are overdue, drawings which are in excess of agreed limits and amounts demanded and not paid, at the maximum rate stipulated in the Bank’s Tariff which is accessible at https://www.business.hsbc.com.hk/tariffs. The Bank will provide you with a hard copy of the Tariff at your request. Interest at the applicable rate will be payable monthly in arrears to the debit of your current account.

ACCRUAL OF INTEREST AND OTHER SUMS

All interest and any other amount accruing under the Facility Letter will accrue daily and in each case is calculated on the basis of the actual numbers of days elapsed and a year of 360 days or 365 days, depending on the market practice for the currency (and as may be adjusted in case of a leap year). Notwithstanding any other provision in the Facility Letter, any interest or other amount accruing under the Facility Letter shall be payable on demand.

SHARING OF INFORMATION

We may provide any information relating to any of your accounts with us and any facilities we may provide to you from time to time or their conduct or any other information concerning your relationship with us to any other company or office which at the relevant time belongs to or is part of the HSBC Group.

TRANSFER OF FACILITY

Unless expressly agreed otherwise by us, we may transfer all or any part of our obligations under the Facility Letter or in respect of any of the Facility to any person by delivering to you a notice in writing. Such transfer shall take effect as from the effective date specified in the notice and we shall thereafter be released from such obligations.

You will not assign any of your rights and obligations, in whole or in part, under the Facility or any documents relating to the Facility, without the prior written consent of the Bank and the HKMCI.

BANKING (EXPOSURE LIMITS) RULES - EXPOSURES TO CONNECTED PARTIES

The Banking (Exposure Limits) Rules (Cap. 155S) and the related regulations in Hong Kong have imposed on the Bank certain limitations on advances to persons related to HSBC Group. In accepting the Facility Letter, the Borrower(s) should, to the best of its (their) knowledge, advise the Bank whether it is in any way related or connected to the HSBC Group. In the absence of such advice, the Bank will assume that the Borrower(s) is not so related or connected. The Bank would also ask, that if the Borrower(s) becomes aware that it (they) becomes so related or connected in future, that the Borrower(s) immediately advises the Bank in writing. You may refer to the reference page for information on whether you may be considered as related or connected to the HSBC Group.

HKMCI INCENTIVE PAYMENT

Please note that HKMCI may offer an incentive payment to us, the participating lender, for any successful application under the Scheme from time to time. The form and terms of the incentive payment will be agreed between HKMCI and us. By signing the Facility Letter, you expressly confirm, acknowledge and agree to this incentive payment arrangement between HKMCI and us.

OTHER TERMS

Your compliance or otherwise with the above undertakings, covenants and other terms of this Facility will not prejudice or affect our overriding right to suspend, withdraw or make demand in respect of the whole or any part of the Facility made available to you at any time. By signing the Facility Letter, you expressly acknowledge that we may suspend, withdraw or make demand for repayment of the whole or any part of the Facility at any time whether or not you are in compliance with the terms of the Facility Letter.

You acknowledge that all the terms and conditions of the Facility are governed by the deed for the Scheme (the “Deed” which expression shall include any amendments and supplements) signed between the HKMCl and us. For the purpose of complying with the terms of the Deed, we may amend or vary the terms of the Facility Letter from time to time and at any time upon giving prior notice to you in writing and such amendment or variation shall be binding on you if you continue to utilize the Facility after the effective date of the amendment or variation.

GOVERNING LAW AND JURISDICTION

The Facility Letter (including the schedule(s)) shall be governed and construed in accordance with the laws of the Hong Kong Special Administrative Region (Hong Kong). You submit to the non-exclusive jurisdiction of the Hong Kong courts.

RIGHTS OF THIRD PARTIES

No one other than you and us will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of the Facility Letter.

ACCEPTANCE

Please arrange for the authorised signatories of your company, in accordance with the terms of the mandate given to the Bank, to sign and return to us the duplicate copy of the Facility Letter with the Schedules to signify your understanding and acceptance of the terms and conditions under which the Facility is granted.

This offer will remain open for acceptance until the close of business on 17 October 2023 and if not accepted by that date will be deemed to have lapsed.

Please return the signed letter and the relevant security document(s) to Commercial Banking Tsim Sha Tsui District at 10/F, HSBC Building Tsim Sha Tsui, No. 82 Nathan Road, Tsim Sha Tsui, Kowloon.

Should you have any questions please feel free to contact Edward Wong, Vice President or K T Lam, Customer Service Officer on telephone no. 3945 1521 or 2288 7891.

We look forward to being of continued assistance to you.

Yours faithfully

For and on behalf of

The Hongkong and Shanghai Banking Corporation Limited

Edward Wong

Vice President

/bl

Encl.

Schedule I - Representations and Covenants

Schedule 2 - Guarantee Product Eligibility Criteria

Schedule 3 - Scheme Guarantee Fees

Form of Acknowledgement and Undertaking Guarantee Form(s)

Acceptance and Declaration from Borrower

To: The Hongkong and Shanghai Banking Corporation Limited

We confirm acceptance of the terms set out in the Facility Letter.

We hereby declare that:

For and on behalf of

Ewell Hong Kong Limited

Signature			Signature
Name	Yu Chi Tat Dennis		Name
Title	Director		Title
Date	18 October 2023		Date

Reference Page

(This is for your reference only and are not intended to be contractual terms.

You may also access the Banking (Exposure Limits) Rules at https://www.elegislation.gov.hk/hk/cap155S)

The Borrower may be considered as related or connected to the HSBC Group if you/it are/is:

Relevant definitions

and “controller” means either an “indirect controller” or a “majority shareholder controller”.

SCHEDULE 1

REPRESENTATIONS AND COVENANTS

The representations and warranties set out in Clause 1.1 (Status) to Clause 1.15 (Compliance) of this Schedule are made by the Borrower as of the date of this Facility Letter and the Borrower is to acknowledge expressly that we (the Lender) have entered into the Facility Letter in reliance on all those representations and warranties. In addition, the Borrower acknowledges expressly that each of the representations and warranties set out in Clause 1.1 (Status) to Clause 1.8 (Claims Pari Passu), Clause 1.10 (No Immunity) to Clause 1.15 (Compliance) below shall be deemed to be repeated by the Borrower by reference to the facts and circumstances then existing on each date on which a drawdown is made under the Facility and on each date on which any amount is payable by the Borrower under the Facility.

The Borrower makes all those representations and warranties relating to its status as an eligible borrower as set out in the Guarantee Product Eligibility Criteria and exhibited in Schedule 2 of the Facility Letter.

In any proceedings taken in its jurisdiction of incorporation or establishment in relation to the Facility Letter, the choice of Hong Kong law as the governing law of the Facility Letter and any judgment obtained in Hong Kong against it with respect to the Facility Letter will be recognised and enforced.

The obligations expressed to be assumed by it in the Facility Letter are legal and valid obligations binding on it and enforceable against it in accordance with the terms thereof.

Its execution of the Facility Letter, its exercise of its rights and performance of its obligations thereunder and the transactions contemplated thereby do not and will not:

It has the power to enter into the Facility Letter and all corporate and other action required to authorise the execution of the Facility Letter and the performance of its obligations hereunder has been duly taken. No limit on its powers will be exceeded as a result of the borrowing or other assumption of obligations, or any grant of security or giving of indemnities, contemplated by the Facility Letter.

No litigation, arbitration, administrative proceedings or labour controversy before any court, tribunal, arbitrator or other relevant authority is current or, to the knowledge and belief of a senior officer of it, pending or threatened against it which would have a Material Adverse Effect (defined below in this Schedule l ), save for any such legal proceedings commenced by a third party which are frivolous or vexatious, have no reasonable cause of action or which are being contested in good faith by appropriate proceedings and against which adequate reserves are maintained.

Since the date of its most recent financial statements (or audited financial statements in the case where the Borrower is a limited company), there has been no material adverse change in its business or financial condition.

All acts, conditions and things required to be done, fulfilled and performed and all authorisations (governmental or otherwise) required to be obtained in order (a) to enable it lawfully to enter into, exercise its rights and perform and comply with its obligations in the Facility Letter, (b) to ensure that its obligations in the Facility Letter are legal, valid, binding and enforceable and (c) to make the Facility Letter admissible in evidence in its jurisdiction of incorporation or establishment have been done, fulfilled, performed and obtained and in full force and effect.

Under the laws of its jurisdiction of incorporation or establishment in force at the date hereof, the claims of the Lender against it under the Facility Letter rank at least pari passu with claims of all its other unsecured and unsubordinated creditors save those whose claims are mandatory preferred by law applying to companies generally.

Under the laws of its jurisdiction of incorporation or establishment in force at the date hereof, it is not necessary that the Facility Letter be filed, recorded or enrolled with any court or other authority in such jurisdiction or that any stamp, registration or similar tax be paid on or in relation to this Facility Letter or the transactions contemplated by the Facility Letter.

In any proceedings taken in the jurisdiction of incorporation or establishment of it in relation to the Facility Letter, it will not be entitled to claim for it or any of its assets immunity from suit, execution, attachment or other legal process.

It has not taken any corporate action nor have any other steps been taken or legal proceedings (save for any such legal proceedings commenced by a third party which are (i) frivolous or vexatious or (ii) which are being contested in good faith by appropriate proceedings and against which adequate reserves are maintained and, in each case, are unconditionally discharged or dismissed within 180 (one hundred and eighty) days) been started or threatened against it for its winding-up, dissolution, administration or reorganisation (whether by voluntary arrangement, scheme of arrangement or otherwise) or for the appointment of a liquidator, receiver, administrator, administrative receiver, compulsory or interim manager, conservator, custodian, trustee or similar officer of it or of any or all of its assets or revenues.

All material written information supplied by the Borrower is true, complete and accurate in all material respects as at the date it was given and is not misleading in any respect.

It is able to pay its debts as they fall due and has not commenced negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or made a general assignment for the benefit of or a composition with its creditors.

It has filed or caused to be filed all tax returns which are required to be filed by it and has paid all taxes shown to be due and payable by it on such returns or any assessment received by it, save for taxes which are being contested in good faith by appropriate proceedings and in respect of which adequate reserves have been set aside by it.

It is, to the knowledge and belief of a senior officer of it, in compliance with the requirements of all applicable laws, rules and regulations and orders of governmental or regulatory authorities save those which are not material to its business and the effect of such non-compliance is not significantly adverse to it.

None of the Borrower, any of its subsidiaries, any director or officer or any employee, agent, or affiliate of the Borrower or any of its subsidiaries is an individual or entity (“Person”) that is, or is owned or controlled by Persons that are, (i) the subject of any sanctions administered or enforced by the US Department of the Treasury’s Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or the Hong Kong Monetary Authority (collectively, “Sanctions”), or (ii) located, organised or resident in a country or territory that is, or whose government is, the subject of Sanctions, including, without limitation, the Crimea region, Donetsk and Luhansk regions of Ukraine, Cuba, Iran, North Korea and Syria.

None of the Borrower, nor to the knowledge of the Borrower, any director, officer, agent, employee, affiliate or other person acting on behalf of the Borrower or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of any applicable anti bribery law, including but not limited to, the United Kingdom Bribery Act 2010 (the “UK Bribery Act”) and the U.S. Foreign Corrupt Practices Act of 1977 (the “FCPA”). Furthermore, the Borrower and, to the knowledge of the Borrower, its affiliates have conducted their businesses in compliance with the UK Bribery Act, the FCPA and similar laws, rules or regulations and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. No part of the proceeds of the Facility set out in the Facility Letter will be used, directly or indirectly, for any payments that could constitute a violation of any applicable anti-bribery law.

The Borrower shall promptly obtain, comply with the terms of and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences and consents required in or by the laws of its jurisdiction of incorporation or establishment to enable it to lawfully enter into and perform its obligations under the Facility Letter and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of the Facility Letter.

The Borrower shall promptly inform the Lender after it becomes aware of the occurrence of any default or event of default under the Facility Letter or of any event which might reasonably be expected to have a Material Adverse Effect.

Subject to Clause 2.13 below, the Borrower shall ensure that at all times the claims of the Lender against it under the Facility Letter rank and continue to rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are mandatorily preferred by law applying to companies generally.

The Borrower shall duly and punctually file all tax returns when due and pay and discharge all taxes prior to the date on which penalties are attached thereto except for such taxes which are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside and payment of which can be lawfully withheld.

The Borrower shall promptly deliver to the Lender copies of all its audited and unaudited financial statements and such other reports and information relating to the Borrower as the Lender may reasonably request from time to time.

The Borrower shall maintain all books of records and accounts with respect to itself and its business in good order.

The Borrower shall, upon reasonable prior written notice from the Lender and during normal working hours, permit and arrange for the Lender or its other authorized representatives to inspect all financial records and books of accounts and discuss the Borrower’s business affairs with its officers and advisors as the Lender may reasonably request.

The Borrower shall apply the proceeds of the Facility solely for the purpose(s) stated in the Facility Letter.

The Borrower shall comply in all respects with the requirements of all applicable laws, rules and regulations and orders of governmental or regulatory authorities if failure to comply with such requirements would (either individually or in aggregate) have a Material Adverse Effect.

The Borrower shall maintain insurances on and in relation to its business and assets, in each case, with reputable underwriters or insurance companies against such risks and to such extent as is usual for companies carrying on a business such as that carried on by the Borrower and is commercially available.

The Borrower shall ensure that:

(a) it has power to own its assets and carry on business as conducted from time to time;

(b) it has good title (free from any restrictions or onerous covenants) to all of the assets required for carrying on its business; and

(c) it has obtained or effected all authorisations, approvals, consents, exemptions, filings, licenses, notarisations, permits and registrations which are required in connection with its business, and that all such authorisations, approvals, consents, exemptions, filings, licenses, notarisations, permits and registrations are in full force and effect, except where the failure to obtain or effect the same or, as the case may be, the cessation of the force and effect of the same would not reasonably be expected to, have a Material Adverse Effect.

Without prejudice to the performance of the Borrower’s other obligations under the Facility Letter, the Borrower shall perform all its obligations under all of the material agreements or contracts to which it is a party.

If by the terms of the Facility Letter, security is to be given by the Borrower in favour of the Lender, the Borrower shall ensure that each security document confers valid security, of the type which such security document purports to create, in favour of the Lender, over each asset, right and benefit expressed to be subject to such security and ensure that the Lender enjoys the priority which such security is expressed to have. The Borrower shall promptly execute all documents and do all things that the Lender reasonably specifies for the purpose of enabling the Lender to exercise its rights under each security document or preserving the priority and effectiveness of such security.

For the avoidance of doubt, the Borrower confirms that all sums from time to time owing by it to the Lender under the Facility Letter are and shall be secured by all and any security created by it, before or at the date of the Facility Letter or at any time after that date, which is by its terms expressed (in any manner whatsoever) to secure all monies owing by the Borrower to the Lender from time to time, and the Borrower will not seek to claim or assert anything to the contrary.

The Borrower will not, directly or indirectly, use the proceeds of the Facility, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions or (ii) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Facility, whether as lender, underwriter, advisor, investor or otherwise).

The Borrower repeats to the Lender each of the confirmations and undertakings set out in the Application Form, the Acceptance of Conditions and other Scheme documents as if there were made to the Lender directly and incorporated in the Facility Letter.

In this Schedule 1,

“Material Adverse Effect” means (a) a material adverse effect on the business, assets, operations or condition (financial or otherwise) of the Borrower; (b) a material impairment of the ability of the Borrower to perform any of its obligations under the Facility Letter; or (c) a material impairment of the rights of, or benefits available to, the Lender under the Facility Letter.

SCHEDULE 2

GUARANTEE PRODUCT ELIGIBILITY CRITERIA

Eligible Borrower

SCHEDULE 3

SCHEME GUARANTEE FEES CHARGED BY

HKMC INSURANCE LIMITED

The amount of Scheme Guarantee Fee as advised by HKMCI. All Scheme Guarantee Fees are non-refundable and payable to the Bank upon acceptance of the Facility Letter and on each anniversary thereafter.