Asia Grocery Distribution Limited (Asia Grocery) and Hong Kong Lianfeng Property Co., Limited (the Offeror) released a joint announcement on 27 March 2026 detailing the latest status of the pre-conditional voluntary cash partial offer first disclosed on 10 December 2025.

The Offer: • The Offeror, acting through TFI Securities and Futures Limited and Shenwan Hongyuan Capital (H.K.) Limited, intends to purchase up to 755.30 million Asia Grocery shares from qualifying shareholders. • The transaction remains a “pre-conditional partial offer,” meaning it will proceed only if all specified pre-conditions are met before the designated long-stop date.

Regulatory Pre-Condition Status: • Approval from the State-owned Assets Supervision and Administration Commission of the Hubei Provincial People’s Government (SASAC) is still outstanding. • The Offeror has submitted its application to SASAC; the filing is currently under review.

Composite Document Timetable: • The Hong Kong Takeovers Executive granted consent on 13 January 2026 to extend the despatch deadline for the composite offer document to the earlier of: 1) seven days after all pre-conditions are satisfied; or 2) 18 June 2026. • Both parties are finalising the information required for inclusion in the composite document.

Cautionary Note: The partial offer will lapse if the pre-conditions—or, once the offer is launched, the subsequent conditions—are not fulfilled or waived. Shareholders and potential investors are urged to exercise caution when dealing in Asia Grocery shares.