Incredible Holdings Ltd. Issues Clarification on Non-Binding MOU: Key Information for Investors

Summary of Announcement

Incredible Holdings Ltd. has issued an important clarification regarding its previously announced non-binding Memorandum of Understanding (MOU) made on 30 December 2025. This update concerns the accurate identification of the counterparty in the MOU, which could hold significance for shareholders and may potentially influence market perceptions and share price.

Key Points from the Announcement

• Correction of Counterparty Name: The Board of Directors has clarified that the counterparty previously referred to as “Cambridge Artificial Intelligence Co., Ltd.” should correctly be “JianQiao AI Limited.” The initial reference was based on earlier circulated materials, but the registered English name of the counterparty has now been accurately confirmed.
• Accuracy of Chinese Name: The registered Chinese name of the counterparty was correctly stated in the original MOU.
• Execution of a New MOU: In light of this clarification, both parties have agreed to sign a new non-binding MOU reflecting the accurate English name. A separate announcement with further details has been released concurrently.
• No Change to Material Terms: Save for the amendment to the registered English name of the counterparty, all other material terms and conditions of the original MOU remain unchanged.
• Corporate Governance Note: The announcement was made by Leung Kwok Kuen Jacob, Independent Non-Executive Chairman of Incredible Holdings Ltd.
• Regulatory Review: The company’s sponsor, Novus Corporate Finance Pte. Ltd., has reviewed this announcement, but it has not been reviewed or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST takes no responsibility for the content, accuracy, or opinions expressed in this announcement.
• Contact for Sponsor: Investors or interested parties may contact Ms. Lin Huiying, Head of Continuing Sponsorship, at the sponsor’s office, located at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, Tel: (65) 6950 2188.

Potential Impact for Shareholders

• Price Sensitivity: While this announcement does not introduce changes to the commercial or strategic terms of the MOU, the correction of the counterparty’s name ensures the legal and operational clarity of the agreement. This is important for due diligence and may influence investor confidence regarding due process and the company’s counterparty risk management.
• No Change in Business Intent: The fundamental objectives and terms of the partnership or collaboration as previously disclosed remain intact. The company’s relationship and intended cooperation with the counterpart remain on course.
• Ongoing Disclosure: Investors should refer to the separate announcement released on the same day for further details regarding the new MOU, as any subsequent developments in this collaboration could potentially be significant.

Conclusion

This clarification mitigates any confusion or ambiguity regarding the counterparty’s identity in the MOU, ensuring legal and regulatory accuracy. While the announcement does not signify a material change to the company’s business arrangement or prospects, it upholds transparency and good corporate governance which are critical for maintaining investor trust and could have a modest impact on market sentiment.

Disclaimer: This article is based solely on information contained in the company’s public disclosure dated 7 January 2026. It does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult professional advisors before making investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this article.

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