China Investment Development Limited together with its subsidiaries, collectively referred to as (the "Group") voluntarily to inform the shareholders of the Company and potential investors of the latest development in the Group's business. The board (the "Board") of directors (the "Directors") of the Company announced that the Company has recently signed a letter of intent (the " Letter of Intent") of strategic cooperation (the "Strategic Cooperation") with Zhong Ying Hua xia (Shenzhen) Investment Group Limited (Zhong Ying Hua Xia (Shen Zhen)Tou Zi Ji Tuan You Xian Gong Si) ("Zhong Ying Hua Xia"). Zhong Ying Hua Xia is a wholly owned subsidiary of the Zhong Ying International Holdings (Guangdong) Limited (Zhong Ying Guo Ji Kong Gu (Guang Dong)You Xian Gong Si).

Zhong Ying Hua Xia dedicates to build up a platform assisting and promoting the mutual cooperations of listed companies in Hong Kong and domestic enterprises in China. It helps the domestic small-medium sized enterprises in restructuring the equity, strengthening corporate governance and value-added capabilities in order to cope with the international capital markets. The Company believes that the proposed strategic cooperation under the Letter of Intent is in line with the Group's long-term development objectives and business development strategy.

The strategic cooperation with Zhong Ying Hua Xia will potentially bring profit growth for both parties, which is in the interests of the Company and its shareholders as a whole. The specific terms and conditions of the formal agreement are subject to the approval of the Board after the completion of the Company's due diligence. The Company will make a further announcement in compliance with the Listing Rules of The Stock Exchange of Hong Kong Limited in due course should there be any development.