China Zenith Chemical Group Limited (In Compulsory Liquidation) released an update on 24 April 2026 confirming that multiple planned corporate actions have been abandoned and the company’s shares will remain suspended from trading on the Hong Kong Stock Exchange.

Proposed Change of Company Name • The Liquidators reported that although an application for a change of company name was previously noted in the 2023 Interim Report, no related documentation is available in the current books and records. Further disclosures will be made once additional information is obtained.

Capital Reorganisation, Board Lot Size Adjustment and Rights Issue Cancelled • The Capital Reorganisation and its associated Underwriting Agreement were conditional on several precedent conditions. • As the company is under compulsory liquidation, the required conditions cannot be met; therefore, the Underwriting Agreement is terminated. • Consequently, the proposed Capital Reorganisation, the change in board lot size and the related rights issue will not proceed.

Continued Suspension of Trading • Trading in China Zenith Chemical shares has been suspended since 10:28 a.m. on 17 March 2025. • The suspension remains in force until further notice.

Governance Structure • All powers of the board ceased following the High Court’s winding-up order on 17 March 2025. • The company’s affairs, business and property are now managed by joint and several liquidators Osman Mohammed Arab and Lai Wing Lun, who act solely as agents of the company without personal liability.

Investors are advised to exercise caution when dealing in the company’s securities until further announcements are issued.