China International Development Plans HK$ 30.24 Million Convertible Bond Placement

• China International Development Corporation on October 27, 2026, proposed a placement of up to HK$ 30.24 million in convertible bonds.
• The 364-day convertible bonds carry 10% annual interest; VC Brokerage will place them with at least six independent investors on a best-efforts basis.
• The initial conversion price of HK$ 2.16 per share represents a 44% premium to the October 27 closing price.
• Full conversion would create 14,000,000 shares, representing 2.87% of enlarged share capital.
• Expected net proceeds of HK$ 29.45 million would fund operations, working capital, outstanding payables and new business opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China International Development Corporation Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261027-12384847), on October 27, 2026, and is solely responsible for the information contained therein.