China BlueChemical announces discloseable structured deposit transaction

China BlueChemical Ltd. announced that it has entered into BOC Structured Deposit Agreement No. 3 with BOC Hainan Branch, subscribing for a structured deposit product of RMB400 million using self-owned funds. This transaction, when aggregated with prior BOC Structured Deposit Agreements No. 1 and No. 2, triggers the requirements of a discloseable transaction under the Hong Kong Listing Rules, as the total amount exceeds 5% of the applicable percentage ratios. The company stated that the funds will enhance the company's capital gain with a relatively higher return from investments, ensuring capital safety and liquidity. The Directors believe the deposit agreements are fair and reasonable, on normal commercial terms, and are in the interests of the Company and its shareholders as a whole. The company stated the product has principal guaranteed with a floating return with annualized return rate between 0.80% and 2.28%.