Strong Petrochemical Holdings Limited released its latest monthly announcement under Rule 3.7 of Hong Kong’s Takeovers Code, detailing progress on a potential change of control triggered by the winding-up of its controlling shareholder, Forever Winner International Ltd. (FWI).

FWI, which holds 1.04 billion ordinary shares representing approximately 49.06 % of Strong Petrochemical’s issued share capital, was placed into liquidation on 18 December 2025. The joint liquidators invited expressions of interest for FWI’s stake on 25 February 2026.

Key developments disclosed: • Interest level: Six parties have expressed interest and were admitted to the bidding process. • Current status: As of 27 March 2026, the liquidators have received no binding bids; consequently, no bona fide offer is imminent. • Compliance timeline: In accordance with Rule 3.7, the company will continue to publish monthly updates until either a firm intention to make an offer is announced (Rule 3.5) or a decision is made not to proceed.

The board reiterated that there is no assurance the sale will materialise or that a mandatory general offer under Rule 26.1 will be triggered. Shareholders and potential investors were advised to exercise caution when dealing in Strong Petrochemical’s securities.

Board composition (as of the announcement date): two executive directors, one non-executive director, and three independent non-executive directors.

The directors accept full responsibility for the accuracy of the information contained in the announcement.