Strong Petrochemical Holdings Limited announced that On 27 August 2020 upon completion of the Acquisition, the Company continued to provide the Properties as security to the Lender for an existing Loan Facility granted to the Borrower with an outstanding principal amount of approximately HKD 130.3 million for a remaining repayment period of 13 months. The Company is currently in negotiation with the Lender on the repayment of the Loan Facility. The Vendor is restricted to remortgage the Loan Facility and the expected end date of the financial assistance is the end of September 2020. Given that the Lender needs more time to process the application for repayment of the Loan Facility and the related administrative works, the expected end date of the financial assistance is extended to the end of October 2020.