On April 2, 2026, FGI Industries Ltd. (the 'Company') announced that it has entered into an Amended and Restated Business Loan Agreement with East West Bank, extending its existing credit facility. The new agreement, effective from March 27, 2026, maintains a maximum borrowing capacity of $18 million, with a maturity date extended to April 17, 2027. This facility is collateralized by all assets of FGI Industries and guaranteed by the Company and certain subsidiaries, including Liang Chou Chen, who holds significant voting control over Foremost Groups Ltd.

The Credit Agreement includes customary representations and warranties, along with affirmative and negative covenants that impose restrictions on indebtedness, liens, and asset dispositions. Financial covenants require the Borrower to maintain a year-to-date EBITDA of at least $1.6 million on a consolidated basis and $1.4 million on an unconsolidated basis, tested monthly. The loan will bear interest at a variable rate based on the Prime Rate plus a margin of 0% to 1.5%, with a minimum rate of 4.5% per annum.

This extension of the credit facility is expected to provide FGI Industries with the necessary liquidity to support its operational needs and strategic initiatives, thereby enhancing its financial stability in the coming years. The Company has committed to providing periodic financial reports to the lender, ensuring transparency and compliance with the terms of the agreement.

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