PT International Development Corporation Limited (the “Company”) disclosed on 11 November 2025 that Guangxi Guangming Warehouse Storage Limited (“Guangming”), a non-wholly owned subsidiary established in the PRC, signed a non-legally binding memorandum of understanding (MOU) with Guangxi Linghang International Logistics Company Limited (“Potential Subscriber”). The Potential Subscriber is a subsidiary of a state-owned enterprise, Guangxi Pilot Free Trade Zone Qinzhou Port Area Development and Investment Group Company Limited. According to the MOU, the Potential Subscriber intends to inject approximately RMB282 million in exchange for a 31.97% equity interest after dilution in Guangming, subject to negotiation on final commercial terms.

The MOU specifies that the deal hinges on the Potential Subscriber’s due diligence, necessary state-owned assets supervision approvals, internal board and shareholder approvals for Guangming and the Company, and the signing of a formal binding agreement. Proceeds from the Potential Subscription are tentatively allocated for repaying outstanding debts of around RMB100 million to Lianwei (Shanghai) Financial Leasing Company Limited, RMB33 million to China Communications First Navigation Bureau Fifth Engineering Company Limited, and RMB100 million to Qinzhou branch of Guilin Bank Company Limited. Post-transaction, Thousand Vantage Investment Limited, which is 75% owned by PT International Development Corporation Limited’s group entity, may see its interest in Guangming reduced to about 51.02%, but Guangming would remain an indirect non-wholly owned subsidiary of the Company.

The transaction may constitute a deemed disposal under Rule 14.29 and a notifiable transaction under Chapter 14 of the Listing Rules, pending finalization of terms. No definitive agreement has been signed, and there is no assurance that the proposed subscription will eventually materialize.