Strong Petrochemical Holdings Limited has disclosed that the joint liquidators of its controlling shareholder, Forever Winner International Ltd. (FWI), have received five non-binding indicative offers for FWI’s 1.04 billion ordinary shares in the company, representing approximately 49.06 % of Strong Petrochemical’s issued share capital.

FWI, which entered winding-up proceedings on 18 December 2025, appointed joint liquidators who on 25 February 2026 invited expressions of interest in the stake. As of the 24 April 2026 update, no definitive agreements have been executed with any of the bidders.

In line with Rule 3.7 of Hong Kong’s Takeovers and Mergers Code, Strong Petrochemical will issue monthly progress reports until either a firm intention to make a general offer under Rule 26.1 is announced or the process is terminated. The board reiterated that there is no certainty the potential transaction will materialise and advised shareholders and investors to exercise caution when dealing in the company’s securities.

The board currently comprises two executive directors, one non-executive director and three independent non-executive directors, with Chairman Wang Qihong overseeing the update. The directors collectively accept full responsibility for the accuracy of the disclosed information.