China International Development : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RESPECT OF MAJOR TRANSACTION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 264)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RESPECT OF MAJOR TRANSACTION

Reference is made to the announcement of China International Development Corporation Limited (the "Company") dated 15 March 2021 (the "Announcement") in relation to, among others, the major transaction in relation to the Tenancy Agreement; and the announcement of the Company dated 8 April 2021 (the "Delay Announcement") in relation to the delay in despatch of the Circular. Capitalised terms used herein shall have the same meanings as those defined in the Announcement, unless the context requires otherwise.

As disclosed in the Delay Announcement, a circular (the "Circular") containing, among other things, further particulars of the Tenancy Agreement and the transactions contemplated thereunder, will be despatched to the Shareholders on or before 22 April 2021.

As additional time is required to prepare and finalise the information to be included in the Circular, the Company expects that the date of despatch of the Circular will be postponed to on or before 17 May 2021.

By order of the Board

China International Development Corporation Limited

Zhao Jingfei

Chairman and Executive Director

Hong Kong, 22 April 2021

As at the date of this announcement, the executive Directors are Mr. Zhao Jingfei, Mr. Fan Xin and Mr. Qin Bohan; and the independent non-executive Directors are Ms. Han Yu, Ms. Jia Lixin and Mr. Rong Yi.