King Long Motors discloses entrusted wealth management activities

Xiamen King Long Motor Group (SSE:600686) has announced its entrusted financial management activities for January to March 2025. The company engaged in wealth management with several major banks, including China Construction Bank, China Everbright Bank, Industrial and Commercial Bank of China, and others. The total amount of entrusted funds reached CNY 427.9 million, invested in various structured deposit products. The duration of these investments is limited to one year. The company aims to improve capital efficiency and reduce financial costs while ensuring capital safety. As of the announcement date, outstanding entrusted principal totaled CNY 267.9 million and delivered CNY 4.09 million in cumulative returns over the past twelve months.