• Ko Yo Chemical clarified its RMB 27 million sale of a 90% stake primarily reflected historical investment, not appraised value.
• The consideration matches the September 2022 acquisition cost, versus an appraised stake value of approximately RMB 1.65 million.
• The target's propylene oxide project has generated no revenue; starting production is not expected to be profitable under current market conditions.
• Selling to Shanxi Jiayuan Investment would transfer future capital requirements and operational risks to the purchaser.
• Directors consider the price fair and reasonable despite the premium to appraised value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ko Yo Chemical (Group) Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261105-12402759), on November 05, 2026, and is solely responsible for the information contained therein.