China Investment Development Limited announce that the Company has recently signed a letter of intent (the "Letter of Intent") of strategic cooperation (the "Strategic Cooperation") with Si Chuan Hui Tong Yun Enterprises Management Group Limited. Hui Tong Yun, an innovative enterprise management group, is a conglomerate that incorporates
ecological industrial chain, capital finance, internet and training. It functions as an ecological platform that integrates education, industry and finance; Its subsidiaries encompass nine major sectors: industrial finance, financial technology, new retailing, healthcare, education, consulting, wellness, media and philanthropy. 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.