C&D International Investment Group Limited (C&D International) and C&D Property Management Group Co., Ltd. (C&D Property) jointly disclosed that their wholly owned subsidiary, Xiamen Yirui Investment Management Co., Ltd., entered into two memoranda of understanding (MOUs) on 10 April 2026 after trading hours.

The MOUs outline Xiamen Yirui’s intention to acquire 100% equity interests in: 1) Xiamen C&D City Service Development Co., Ltd. (C&D City Service) from Xiamen C&D Group Co., Ltd. and its subsidiary Xiamen Huayi Industry & Trade Co., Ltd., and 2) Lianfa (Group) Property Services Company Limited (Lianfa Property) from Xiamen Lianfa (Group) Real Estate Co., Limited.

Key Terms • Structure: Entire equity stakes in each target to be purchased for cash, subject to definitive agreements. • Pricing: Consideration to be determined with reference to asset appraisal values filed with the relevant state-owned assets regulator and findings from due diligence. • Legal Status: Apart from clauses on confidentiality, governing law and expenses, the current MOUs are non-binding. • Costs: Each party will bear its own transaction‐related expenses.

Regulatory and Listing Rule Implications All three vendors—Xiamen C&D, Xiamen Huayi and Xiamen Lianfa—are connected persons to both listed companies. Consequently, any formal transaction is expected to constitute a notifiable and connected transaction under the Hong Kong Listing Rules. The proposals may or may not proceed, pending further negotiation and execution of formal sale-and-purchase agreements.

Strategic Rationale Management states that acquiring C&D City Service would extend C&D Property’s reach from community to urban services, diversifying revenue streams. The purchase of Lianfa Property would enlarge gross floor area under management, strengthen presence in core cities and enhance economies of scale, thereby supporting revenue and profit growth in the property-management segment.

Control Structure Snapshot • C&D International controls approximately 55.74% of C&D Property’s voting rights. • Well Land International Limited holds 55.68% of C&D International. • Xiamen C&D Group and Xiamen C&D Inc. collectively own controlling stakes in the corporate chain.

Cautionary Note Shareholders and potential investors are advised to exercise caution when dealing in the shares of C&D International and C&D Property. Further announcements will be made in accordance with the Listing Rules as developments occur.