STRONG PETROCHEMICAL (852) Announces RMB350 Million Corporate Guarantee for Indirect Wholly-Owned Subsidiary

Bulletin Express

Feb 10

Strong Petrochemical Holdings Limited (the “Company”) (Stock Code: 852) announced that on 10 February 2026, a corporate guarantee was entered into with Quanzhou Branch of Industrial Bank Co., Ltd. in relation to the overlapping loan agreements signed on the same day by Fujian Hong Kong Petrochemical Limited, an indirect wholly-owned subsidiary. The total loan amount to be provided under these agreements is RMB350,000,000.

Under the terms, the Company agreed to guarantee the subsidiary’s payment obligations up to a principal sum of RMB350,000,000. The agreement was signed in Hong Kong, and all parties consented to the jurisdiction of the respective court in the People’s Republic of China for any legal actions regarding the corporate guarantee.

The loan facility will primarily finance the subsidiary’s operations and repay an existing loan from Quanzhou Branch of Bank of Communications Co., Ltd. According to the board of directors, the transaction benefits the Company and its shareholders overall. The arrangement does not constitute a notifiable or connected transaction under relevant chapters of the Listing Rules.

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