Coastal Greenland Limited (Stock Code: 01124, “Coastal GL”) has issued its latest monthly update under Rule 3.7 of Hong Kong’s Takeovers Code, confirming that discussions on a possible sale of 153.13 million shares (the “Sale Shares”) and an associated shareholder loan (the “Sale Loan”) remain ongoing.

The Vendor and the prospective purchaser (the “Offeror”) have yet to finalise or execute a formal sale and purchase agreement. As of the 9 March 2026 announcement date, no legally binding documentation has been entered into, and the terms of the proposed transaction—referred to as the “Possible Transaction”—are still subject to negotiation.

In line with Takeovers Code requirements, Coastal GL will continue to publish monthly updates until either: • a firm intention to make a mandatory conditional cash offer under Rule 3.5 is announced; or • a decision is made not to proceed with such an offer.

The Board reiterates that there is no certainty the ongoing negotiations will lead to a definitive agreement or a general offer under Rule 26.1. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.

Coastal GL’s Board currently comprises three executive directors—Jiang Ming (Chairman), Lin Chen Hsin and Tong Xinhua—two non-executive directors, and three independent non-executive directors.