Bank borrowings as of December 31, 2024 and June 30, 2025 are as follows:

(i)      In connection with our operations in Hong Kong, Neo-Concept HK, together with a related company, Neo-Concept (Holdings) Company Limited (“NCH”), a company incorporated in Hong Kong and controlled by Ms. Siu, entered into (as renewed or supplemented yearly where required) several banking facilities with banks in Hong Kong for combined banking facilities which were shared by Neo-Concept HK and NCH combinedly. The banking facilities were secured, details of which are set out as follows:

(a)      Unlimited personal guarantee by Ms. Siu;

(b)      Ms. Siu being a subordinated lender towards all sums of money owed by Neo-Concept HK and NCH;

(c)      Legal charge over certain properties and car parking spaces owned by Ms. Siu and an immediate family member of Ms. Siu and also assignment of rental from the properties and the car parking spaces;

(d)      Legal charge over certain deposits accounts held by NCH at the relevant banks;

(e)      Legal charge over certain investment funds held by NCH at the relevant banks;

(f)      Assignment of benefit from life insurances premium assets held by NCH at the relevant banks;

(g)      Assignment of benefit from life insurances premium assets held by Pure Diamond Limited, a related company in which Ms. Siu has interests, at a relevant bank;

(h)      Indemnity granted by NCH to relevant banks;

(i)      Guaranteed by Neo-Concept Fashion (Zhongshan) Co., Ltd, a subsidiary company of NCH, amounting to HKD131 million; and

(j)      Cross-corporate guaranteed by Neo-Concept HK and NCH;

(ii)     The banking facilities were secured, details of which are set out as follows:

(a)      Personal guarantee by Ms. Siu and an immediate family member of Ms. Siu;

(b)      Cross-corporate guaranteed by Neo-Concept HK, Neo-Concept (BVI) Limited, a company controlled by Ms. Siu, and NCH; and

(c)      Legal charge over certain deposits accounts held by NCH at the relevant banks.

Bank borrowings as of December 31, 2023 and 2024 are as follows:

(i)      In connection with our operations in Hong Kong, Neo-Concept HK, together with a related company, Neo-Concept (Holdings) Company Limited (“NCH”), a company incorporated in Hong Kong and controlled by Ms. Siu, entered into (as renewed or supplemented yearly where required) several banking facilities with banks in Hong Kong for combined banking facilities which were shared by Neo-Concept HK and NCH combinedly. The banking facilities were secured, details of which are set out as follows:

(a)      Unlimited personal guarantee by Ms. Siu;

(b)      Ms. Siu being a subordinated lender towards all sums of money owed by Neo-Concept HK and NCH;

(c)      Legal charge over certain properties and car parking spaces owned by Ms. Siu and an immediate family member of Ms. Siu and also assignment of rental from the properties and the car parking spaces;

(d)      Legal charge over certain deposits accounts held by NCH at the relevant banks;

(e)      Legal charge over certain investment funds held by NCH at the relevant banks;

(f)      Assignment of benefit from life insurances premium assets held by NCH at the relevant banks;

(g)      Assignment of benefit from life insurances premium assets held by Pure Diamond Limited, a related company in which Ms. Siu has interests, at a relevant bank;

(h)      Indemnity granted by NCH to relevant banks;

(i)      Guaranteed by Neo-Concept Fashion (Zhongshan) Co., Ltd, a subsidiary company of NCH, amounting to HKD131 million; and

(j)      Cross-corporate guaranteed by Neo-Concept HK and NCH;

(ii)     The banking facilities were secured, details of which are set out as follows:

(a)      Personal guarantee by Ms. Siu and an immediate family member of Ms. Siu;

(b)     Cross-corporate guaranteed by Neo-Concept HK, Neo-Concept (BVI) Limited, a company controlled by Ms. Siu, and NCH; and

(c)      Legal charge over certain deposits accounts held by NCH at the relevant banks;