Lonking Holdings discloses investments in wealth management products

Lonking Holdings Limited has disclosed a discloseable transaction related to its investments in various wealth management products, according to a filing with the Hong Kong Stock Exchange. During the relevant period, the group invested in products from BOC, CCB, CITIC, CMBC, FOTIC, ICBC and SPBD. The highest outstanding principal amounts invested in these products were approximately RMB1,246.2 million, RMB1,126 million, RMB620 million, RMB410 million, RMB500 million, RMB580 million and RMB888.6 million, respectively. As the highest applicable percentage ratio for each investment exceeded 5% but remained below 25%, the transactions qualify as discloseable under Chapter 14 of the Listing Rules. The investments were made to improve fund utilization efficiency and obtain investment income, with the company implementing remedial measures to ensure future compliance with listing rules.