Tongdao Liepin Group invests ¥155m in principal-guaranteed wealth products

Tongdao Liepin Group, through its subsidiaries, recently engaged in multiple subscriptions of "Tianlibao structured deposit products" from Bank of Hangzhou (BoH). On October 11, 2025, Beijing Saiyou Education Technology Co., Ltd. subscribed for ¥7.0 million. Changsha Ranxing Information Technology Co., Ltd. made two subscriptions: ¥30.0 million on October 10, 2025, and ¥20.0 million on October 17, 2025. Additionally, TD Elite (Tianjin) Information Technology Co., Ltd. subscribed for ¥70.0 million on October 31, 2025, and Wisest (Beijing) Management Consulting Co., Ltd. subscribed for ¥28.0 million on the same date.

These "BoH Subscriptions" were funded by the group's surplus cash reserves and redeemed principal amounts from previous structured deposit products. The products are principal-guaranteed with minimum returns, featuring low-level risk and returns pegged to the EUR/USD exchange rate. Expected annualized rates of return range from 0.65%/1.95%/2.15% to 0.65%/2.05%/2.25%, with terms varying from 11 to 169 days.

The "BoH Subscriptions," individually and in aggregate with previous BoH subscriptions, represent a discloseable transaction under Chapter 14 of the Listing Rules, as the highest applicable percentage ratio exceeds 5% but is less than 25%. The board believes these investments effectively use idle funds, enhance capital gain, and are consistent with ensuring capital safety and liquidity.