Tuopu Group invests 300m yuan in structured deposits

Ningbo Tuopu Group placed 300 million yuan into structured deposits with Ningbo Bank and Hangzhou Bank on July 16, 2025. The investments have terms of 166 and 165 days respectively and are principal-protected with floating returns.

The funds originate from the company's 2022 convertible bond issuance that raised 2.5 billion yuan and 2024 private placement of A-shares that generated 3.51 billion yuan.

The company's board authorized the use of up to 2.4 billion yuan for such low-risk investments to maximize returns on temporarily idle capital without affecting ongoing fundraising projects.