Petrol Group announced on 19 April 2024 that it has entered into a new Total Sales Agreement with its major shareholder Petrol Holdings, extending the validity of the original 2021 Total Sales Agreement by three years from 1 May 2024 to 30 April 2027. This is due to the fact that drug demand may exceed previous estimates and the current annual sales ceiling is insufficient to meet the expected transaction amount. Petrochemical Holdings is a contact of Mr. Cai Tung Chen and is therefore a continuing connected transaction subject to the declaration, annual audit and announcement requirements of Chapter 14A of the Listing Rules, but is exempt from compliance with the Circulars and Independent Shareholder Approvals. The Board considers that the terms of the new agreement are fair and reasonable and will help the Group leverage the market reach and logistics distribution capabilities of Petrochemical Holdings to expand its customer network and achieve sales growth.

Petrol Group announced on 19 April 2024 that it has entered into a new Total Sales Agreement with its major shareholder Petrol Holdings, extending the validity of the original 2021 Total Sales Agreement by three years from 1 May 2024 to 30 April 2027. This is due to the fact that drug demand may exceed previous estimates and the current annual sales ceiling is insufficient to meet the expected transaction amount. Petrochemical Holdings is a contact of Mr. Cai Tung Chen and is therefore a continuing connected transaction subject to the declaration, annual audit and announcement requirements of Chapter 14A of the Listing Rules, but is exempt from compliance with the Circulars and Independent Shareholder Approvals. The Board considers that the terms of the new agreement are fair and reasonable and will help the Group leverage the market reach and logistics distribution capabilities of Petrochemical Holdings to expand its customer network and achieve sales growth.