Karachi: Loads Limited announced the execution of a non-binding Memorandum of Understanding (MOU) with Anhui Xinhuida New Material Technology Co., Ltd., a Chinese company specializing in the recycling, processing, and trading of copper and advanced materials. The disclosure, dated June 22, 2026, was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the Pakistan Stock Exchange Rule Book.

Anhui Xinhuida, based in the People's Republic of China, operates within an extensive platform that encompasses recycled copper rods, copper processing, and manufacturing of copper products. Their portfolio extends to power and communication cables, EV wiring systems, digital energy harnesses, PV connectors, semiconductor-related components, and other advanced copper-based materials.

According to information available from the Pakistan Stock Exchange (PSX), the MOU establishes a framework for Loads Limited and Xinhuida to explore potential cooperation within the copper industry in both Pakistan and international markets. The collaboration aims to assess opportunities in copper trading, processing, and manufacturing, with a focus on exports, strategic investments, and technology transfers. The parties are also evaluating a potential joint venture in Pakistan to invest in copper and advanced copper materials, considering future expansions and export-oriented growth.

The MOU outlines initial plans for pursuing copper trading and supply chain opportunities and mentions the possibility of establishing new manufacturing facilities, technology transfer, and developing export-oriented operations. The cooperation may further extend to the introduction of advanced copper materials, components, wiring solutions, and energy infrastructure products tailored for both domestic and international markets.

All arrangements proposed under the MOU, including any joint venture or acquisitions, are subject to due diligence, definitive agreement negotiations, and requisite corporate and regulatory approvals. There is currently no binding obligation on either party beyond customary confidentiality agreements. Shareholders and investors are advised that discussions are preliminary, and there is no certainty of a transaction. They are urged to exercise caution when dealing with the Company's securities.

Loads Limited has committed to keeping the Pakistan Stock Exchange Limited and its shareholders informed of any significant developments as per applicable legal and disclosure requirements.