China Cinda subsidiary to invest RMB20 bn in asset management plan

Cinda Investment, a subsidiary of China Cinda Asset Management Co., Ltd., has entrusted Cinda Securities, another subsidiary, to manage an equity-type single asset management plan with a total investment not exceeding RMB20 billion. The plan, established on April 27, 2025, operates on an open-ended basis, opening weekly for participation and exit, primarily investing in shares and convertible bonds of listed companies with strong growth potential.

The investment size is determined by Cinda Investment's strategic planning and business plans, aiming for stable asset appreciation while maintaining effective risk control. The asset manager's fee is 0.3% per annum, with a performance fee of 10% on returns exceeding a 6.0% benchmark. The custodian fee is 0.01% per annum, capped at RMB200,000. These fees align with market practice and regulatory guidance.

This transaction constitutes a major transaction for China Cinda under Chapter 14 of the Listing Rules. The board of directors views the terms as normal commercial terms, fair, reasonable, and in the best interests of the company and its shareholders. The company has obtained written approval from the Ministry of Finance, its controlling shareholder, negating the need for a general meeting.