Hong Kong Lianfeng Property Co., Limited (the “Offeror”) and Asia Grocery Distribution Limited (“AGDL,” Stock Code: 8413) jointly announced an update on the pre-conditional voluntary cash partial offer to acquire a maximum of 755,300,000 shares from qualifying AGDL shareholders. According to earlier announcements, the partial offer is contingent upon certain pre-conditions, including an application submitted by the Offeror to the State-owned Assets Supervision and Administration Commission of the Hubei Provincial People’s Government (SASAC), which remains under review. The Offeror will continue to work toward satisfying all conditions prior to the designated Pre-Condition Long Stop Date.

The companies also provided updated information on the Composite Document. The deadline for dispatching this document—the earlier of seven days from satisfaction of all pre-conditions or 18 June 2026—was approved after the Executive granted consent on 13 January 2026. Both parties are in the process of completing the necessary information for inclusion in the Composite Document. The partial offer remains subject to the fulfillment or waiver (if applicable) of its conditions and may or may not become unconditional if these requirements are not met.