Item 1.02 Termination of a Material Definitive Agreement.
The New Facility Agreement replaces LW Ulanqab's existing Facility Agreement, dated as of February 18, 2022 (the "2022 Facility Agreement"), among LW Ulanqab, the financial institutions party thereto and HSBC Bank (China) Company Limited, Shanghai Branch, as the facility agent. On May 22, 2026, the 2022 Facility was repaid and terminated in connection with LW Ulanqab's borrowing under the Term Loan Facility. A summary of the material terms of the 2022 Facility Agreement is included in the Current Report on Form 8-K filed by the Company on February 22, 2022, which summary is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above in Item 1.01 is hereby incorporated by reference into this Item 2.03.
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