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Tongdao Liepin Group invests ¥120m in principal-guaranteed wealth products

September 1, 2025 at 12:09 AM UTCBy FilingReader AI

Tongdao Liepin Group, through its subsidiaries, announced subscriptions for wealth management products totaling ¥120.0 million from Xiamen International Bank Co., Ltd. (XIB). This includes two previous subscriptions on June 30, 2025, and July 31, 2025, for ¥40.0 million and ¥10.0 million respectively, and new subscriptions on August 29, 2025, of ¥92.0 million and ¥18.0 million. The new subscriptions involve TD Elite (Tianjin) Information Technology Co., Ltd. and Wisest (Beijing) Management Consulting Co., Ltd.

The products are "Corporate Structured Deposit Product (Type A of three-intervals pegged exchange rate)" with a term of 27 days, from September 1, 2025, to September 28, 2025. These are principal-guaranteed with a guaranteed minimum return, classified as low-level risk, and pegged to the EUR/USD exchange rate. The expected annualized rate of return ranges from 1.15%/2.00%/2.30%. The Group believes these investments will enhance capital gain while maintaining safety and liquidity.

The transactions, in aggregate with previous subscriptions, constitute discloseable transactions under Chapter 14 of the Listing Rules, exceeding 5% but remaining below 25% of applicable percentage ratios. They are subject to notification and announcement requirements but are exempt from shareholders' approval. The investments were funded by the Group's surplus cash and redeemed principal from previous structured deposit products with XIB.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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