NOTES TO THE CONSOLIDATED FINANCIAL  STATEMENTS  15.  Other financial liabilities (cont’d) (RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA)  (b)  Interest-bearing loans and borrowings (cont’d) S$30.0 million credit facility with DBS Bank Ltd. (“DBS”) S$30.0 million credit facility with Bank of Tokyo-Mitsubishi, UFJ Ltd, Singapore Branch (“BOTM”) US$30.0 million credit facility with Sumitomo Mitsui Banking Corporation, Singapore Branch  (“Sumitomo”) On November 10, 2011, the Company entered into a new facility agreement with DBS to refinance the S$10.0  million facility that was due to mature on September 1, 2011. The new unsecured revolving credit facility has  a committed aggregated value of S$30.0 million. The facility will be utilized by the Company to finance its  long-term working capital requirements. The terms of facility require, among other things, that HLA retains  ownership of the special share and that the Company remains a principal subsidiary of HLA, and that HLGE  remains listed on the Singapore Exchange. The terms of the facility also include certain financial covenants with  respect to the Company’s consolidated tangible net worth (as defined in the agreement) not less than US$350  million at any time, and the ratio of the Company’s consolidated debt to consolidated tangible net worth (as  defined in the agreement) not exceeding 1.0 at any time. All moneys owing by the Company shall be repaid in  full on the date falling 36 months from the date of the facility agreement (“Final Maturity Date”). On March 11, 2011, the Company entered into a new facility agreement with BOTM to refinance the existing  revolving credit facility. The new unsecured, multi-currency revolving credit facility has a committed  aggregated value of S$30.0 million with three-year duration from March 18, 2011 to March 18, 2014. The new  facility will be used to finance the Company’s long-term general working capital requirements. Among other  things, the terms of the facility require that HLA retains ownership of the Company’s special share and that  the Company remains a consolidated subsidiary of HLA. The terms of the facility also include certain financial  covenants with respect to the Company’s tangible net worth (as defined in the agreement) as at June 30 and  December 31 of each year not being less than US$120 million and the ratio of the Company’s total net debt (as  defined in the agreement) to tangible net worth as at June 30 and December 31 of each year not exceeding 2.0  times, as well as negative pledge provisions and customary drawdown requirements. On March 18, 2011, the Company entered into an unsecured multi-currency revolving credit facility agreement  with Sumitomo for an aggregate of US$30.0 million to refinance the US$30.0 million facility that was due to  mature on March 25, 2011. The facility is available for three years from the date of the facility agreement and  will be utilized by the Company to finance its long-term general working capital requirements. The terms of  the facility require, among other things, that HLA retains ownership of the special share and that the Company  remains a principal subsidiary (as defined in the facility agreement) of HLA. The terms of the facility also include  certain financial covenants with respect to the Company’s consolidated tangible net worth (as defined in the  agreement) as at June 30 and December 31 of each year not less than US$200 million and the ratio of our  total consolidated net debt (as defined in the agreement) to consolidated tangible net worth as at June 30  and December 31 of each year not exceeding 2.0 times, as well as negative pledge provisions and customary  drawdown requirements. The Company has also undertaken to make available to the bank within 180 days  after the end of its financial year (beginning with financial year 2007), copies of its audited consolidated  accounts as at the end of and for that financial year. China Yuchai International Limited | Annual Report 2013 94