FilingReader Intelligence

Neutech Group affiliate boosts wealth management, structured deposit investments

October 24, 2025 at 08:39 AM UTCBy FilingReader AI

Neutech Group Limited announced that on October 24, 2025, Dalian University, a consolidated affiliated entity, entered into two agreements to subscribe for financial products using its self-owned idle funds. Dalian University subscribed to wealth management products from Industrial Bank, amounting to 200.0 million yuan. This "Industrial Bank Finance Wentianli Riying Daily Open-End Fixed Income Wealth Management Product" is a non-guaranteed principal product with a floating return, an expected annualized rate of 1.70%-2.05%, and an R1 risk rating.

Additionally, Dalian University entered into a Structured Deposit Agreement with China Guangfa Bank for 100.0 million yuan. This "Minglishuangshou W-type Renminbi Structured Deposit" offers a guaranteed principal with a floating return, an expected annualized rate of 1.4%-1.5%, and invests 100% in fixed-income assets. Both transactions are non-fixed term, allowing Dalian University to terminate and redeem the products at any time.

These transactions are classified as discloseable transactions under the Listing Rules, as the aggregated percentage ratios exceed 5% but are less than 25%. They are exempt from circular and independent shareholders' approval requirements but subject to notification and announcement. The Group aims to enhance capital income through low-risk, high-liquidity investments.

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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