The Board of Chengdu SIWI Science and Technology Company Limited (SIWI Science & Tech) has formally terminated its planned very substantial disposal of the entire equity interest in its subsidiary, Putian New Material, after the public tender process closed without receiving a single bid.

The public tender began on 29 August 2025 and initially remained open for 20 working days until 25 September 2025. With no bids submitted, the Company extended the tender under unchanged terms for up to 12 months, setting a final deadline of 28 August 2026. At the expiry of this extended period, no expressions of interest were recorded, leading the Board to declare the transaction lapsed as of 28 August 2026.

Management stated that the cancellation of the proposed disposal is not expected to exert any material adverse effect on the Group’s financial position or day-to-day operations. If the Company later decides to pursue a disposal of all or part of the same interests through another tender process, it will release a separate announcement in accordance with Hong Kong Listing Rules.

The Board currently comprises two Executive Directors (Li Tao, Wu Xiaodong), four Non-executive Directors (Li Qiangbin, Xu Jiaxin, Xu Ningbo, Zeng Li) and three Independent Non-executive Directors (Fu Wenjie, Kang Yiguo, Li Shaorong).