China International Development Corporation Limited Terminates Memorandum of Understanding – Key Details for Investors

Summary of the Announcement

China International Development Corporation Limited (“the Company”) has voluntarily announced the termination of a previously entered non-legally binding Memorandum of Understanding (MOU) with Mr. Xu Xichang (“the Vendor”). This MOU was related to a proposed transaction, the details of which were initially disclosed in the Company’s announcements dated 21 November 2025 and 5 February 2026.

Key Points for Investors

• Termination of MOU: On 13 April 2026, the Company and the Vendor mutually agreed to terminate the MOU through a formal termination agreement. As a result, the proposed transaction under discussion will not proceed.
• No Legal or Financial Liability: With this termination, neither the Company nor the Vendor will be liable to each other for any damages or indemnification. This effectively means that there will be no financial impact arising from penalties or compensation related to the termination.
• No Material Adverse Impact: The Board has expressly stated that it does not expect any material adverse impact on the Company’s operations or financial condition as a result of this termination.
• Leadership Statement: The announcement was made and endorsed by Mr. Qin Bohan, Co-Chairman and Executive Director, on behalf of the Board.

Important Information for Shareholders

• Potential Share Price Sensitivity: The termination of the MOU and the proposed transaction may be of interest to shareholders and the market, especially if the transaction was expected to have a significant impact on the Company’s future growth or strategic direction.
• No Ongoing Obligations: As there is no requirement for either party to compensate the other, shareholders can be reassured that there are no hidden or unanticipated costs from this termination.
• Board Composition: As of the announcement date, the Board consists of a range of executive, non-executive, and independent non-executive directors, including Co-Chairmen Mr. Qin Bohan and Mr. Zhang Li, CEO Mr. Fan Xin, and several others, ensuring a breadth of oversight and governance.

Implications and Outlook

While the Board has indicated that the termination will not have a material adverse impact, investors should note that the discontinuation of a potentially strategic transaction might influence market sentiment in the short term, especially if expectations had been built around the MOU. It is important for shareholders and potential investors to consider the Company’s future plans and any forthcoming transactions or strategic initiatives that may be disclosed in future announcements.

Board of Directors (As of 13 April 2026)

• Executive Directors: Mr. Qin Bohan (Co-Chairman), Mr. Zhang Li (Co-Chairman), Mr. Fan Xin (Chief Executive Officer), Mr. Leung Wai Kit, Mr. Ying Yong, Mr. Lei Zhengbiao, Mr. Ding Wentuo
• Non-Executive Director: Mr. Siu Miu Man, Simon, MH
• Independent Non-Executive Directors: Ms. Jia Lixin, Ms. Chen Mengsi, Mr. Peng Zuoquan, Mr. Chen Heyi

Disclaimer: This article is based on the voluntary announcement of China International Development Corporation Limited dated 13 April 2026. It is intended for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence or consult professional advisors before making investment decisions. The Company and its Board accept no liability for any loss arising from the use of or reliance on this information.

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