STRONG PETRO (00852) terminates the employment of Yao Guoliang and Tan Xiao as Chief Executive Officer and Co-Chief Executive Officer, respectively.

STRONG PETRO (00852) announced that Mr. Yao Guoliang resigned as the company's Chief Executive Officer on January 24, 2025; and the company has suspended Mr. Yao Guoliang and Dr. Tan Xiaobo from their respective positions as Chief Executive Officer and Co-Chief Executive Officer of the company as of January 25, 2025. As of the date of this announcement, the company has not received formal confirmation from Mr. Yao Guoliang regarding his resignation, nor has it received any response from Mr. Yao Guoliang regarding the handover of company information. Nevertheless, for comprehensive consideration, the company announces that Mr. Yao Guoliang's resignation from the position of Chief Executive Officer has been accepted as of January 24, 2025. The company believes that the trust and confidence between Dr. Tan Xiaobo and the company have been broken, therefore the company announces that Dr. Tan Xiaobo's position as Co-Chief Executive Officer of the company has been terminated as of February 10, 2025. The company is concerned about the conduct of Mr. Yao Guoliang and Dr. Tan Xiaobo during their time at the company, and is conducting an independent investigation into this. The company reserves all rights to hold Mr. Yao Guoliang and Dr. Tan Xiaobo accountable.