The board of directors (the “Board”) of Darco Water Technologies Limited (the “Company”, and together with its subsidiaries, the “Group”) refers to the Company’s earlier announcements dated 11 November 2019 and 21 November 2019 in relation to the shareholder’s loan between the Company and Mr Wang Zhi (the “Previous Announcements”).
On 21 November 2019, Darco Water Technologies Limited and Mr. Wang Zhi have entered into a shareholder’s loan agreement which sets out the terms and conditions of the Shareholder’s Loan.