JOINN Labs invests further in Jiangsu Bank structured products

JOINN Laboratories (HKEX:6127) has announced a further investment in Bank of Jiangsu RMB structured deposit products, bringing the total outstanding investment to RMB440,000,000 as of May 22, 2025. The investment is aimed at maximizing the utilization of surplus cash balances while maintaining high liquidity and relatively low risk exposure. The structured deposits offer potentially higher returns than standard bank deposits, leading the company to consider it a beneficial long-term strategy. The board of directors has confirmed the financial products do not have adverse impacts on the group's financial position. The disclosure comes as the aggregate percentage ratios related to these investments exceeds 5% but remains below 25%, classifying the transaction as discloseable under the Hong Kong Listing Rules. The products include principal-guaranteed floating income structures with interest rates ranging from 0.1% to 2.56% annually. The new product, the Fourth Bank of Jiangsu RMB Structured Deposit Product has a principal investment amount of RMB30,000,000.