The Board of ZMFY Automobile Glass Services Limited announced on voluntary basis that on 15 March 2018, the company entered into the loan agreement with Rise Grace. Pursuant to the Loan Agreement, Rise Grace agreed to provide to the company an unsecured loan facility in the amount of HKD 30,000,000 with interest rate at 2% per annum, the final maturity date of which is 31 December 2019 when the loan is repayable in full. The loan from Rise Grace pursuant to the loan agreement will be used by the company as its' to develop finance leasing business in the PRC.

The board further announced that Mr. Lo has been re-designated from a non-executive Director of the company to an executive Director of the company with effect from 15 March 2018 due to the rearrangement of his duties. Mr. Lo, has been a non-executive Director since 22 March 2016. Mr. Lo has extensive experience in the field of investment management and is participating in financing lease business in the PRC since 2016. Mr. Lo is currently a director of Rise Grace and Diamond Galaxy.