Gelonghui, May 30 | CWT INT'L (00521.HK) announced that on May 26, 2024, the company entered into a memorandum of understanding with an independent third party PM Access World (Malaysia) Sdn Bhd (“AWG”, together with the “parties”) to seek possibilities for non-ferrous metals under LME/CME facilities; (ii) ferrous metals, bulk metals and ferroalloys; (iii) renewable energy (iv) general freight and (v) further cooperation in the capital market Cooperation opportunities. According to the memorandum of understanding, after each party has carried out internal company review and approval, the parties can reach further agreements on cooperation on the relevant proposals.

Malaysian Deputy Prime Minister Dato' Seri Dr. Ahmad Zahidbin Hamidi attended the signing ceremony of the memorandum. On the 50th anniversary of the establishment of diplomatic relations between China and Malaysia, the board of directors believes that if the proposed cooperation is substantially further implemented, it will help give full play to the advantages of the two sides in commodity trade and logistics, explore new development opportunities in various business fields, and contribute to deepening Sino-Malaysian economic and trade cooperation, thereby supporting the economic growth and sustainable development of the two countries and creating more value for shareholders.