China International Development Corporation Limited Announces Termination of MOU with Powex Limited

Key Highlights for Investors

• Termination of MOU: China International Development Corporation Limited (“the Company”) has voluntarily announced the termination of a non-legally binding Memorandum of Understanding (MOU) with Powex Limited (“Partner”).
• Termination Date: The termination agreement was signed on 13 April 2026, effectively ending any further obligations or rights under the MOU between the two parties.
• Confidentiality Clause Survives: All aspects of the MOU are terminated except for the confidentiality clause, which remains in effect.
• No Financial Liabilities: Importantly, neither party is liable to the other for any damages or indemnification as a result of this termination.
• Board’s Assessment: The Board of Directors has assessed that ending the MOU will not have any material adverse impact on the Company’s operations or financial health.

Details Investors Should Note

The Company had previously entered into a non-legally binding MOU with Powex Limited as announced on 6 January 2026. The MOU was intended to outline a potential cooperation framework, but it did not impose binding commitments on either party, except for confidentiality obligations.

On 13 April 2026, both parties mutually agreed to terminate the MOU. The termination agreement stipulates that the MOU ceases to have any legal effect, save for the confidentiality provisions. This means that any information shared under the MOU remains protected, but neither party is required to fulfill any other terms or make any payments or compensation due to the termination.

The Company’s Board, including its Co-Chairmen Mr. Qin Bohan and Mr. Zhang Li, CEO Mr. Fan Xin, and other executives and directors, has clearly stated that this development will not adversely affect the Company’s business or financial standing.

Implications for Shareholders and Potential Impact on Share Price

• Risk Mitigation: Since the MOU was non-legally binding and its termination does not incur any penalties or compensation, the Company is not exposed to legal or financial risk from this action.
• Business Continuity: The Board’s view that there is no material adverse impact suggests that the termination does not signal operational or strategic setbacks for the Company.
• Price Sensitivity: While the announcement is transparent, the lack of binding commitments or financial consequences, coupled with the Board’s assurance, makes this event unlikely to have a significant effect on share value. Investors should consider this a neutral development unless further information is disclosed regarding alternative strategic partnerships or projects.

Board Composition (As of Announcement Date)

• 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

Conclusion

The termination of the MOU between China International Development Corporation Limited and Powex Limited is a procedural update with no financial or operational liabilities. Shareholders should note the Company’s assurance of no material adverse impact, and the lack of any compensation or indemnification requirements. This is a neutral event with minimal potential to affect the Company’s share price at this time.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with their professional advisors before making any investment decisions.

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