China International Development Corporation Limited announced that a supplemental agreement to the previously signed non-legally binding memorandum of understanding (MOU) has been entered into with the vendor, Xu Xichang. According to the new arrangement, the exclusivity period is extended by three months, making it a six-month period starting from the original MOU date.

Professional advisers have been engaged to carry out due diligence on the target group’s business, operations, assets, finance, and legal matters. If the proposed transaction materializes, it may become a notifiable transaction under applicable regulations. Negotiations remain in progress, and caution is advised when dealing in the company’s securities as there is no formal binding agreement in place at this stage.