Tuopu Group redeems matured cash management products, returning ¥400m principal

Ningbo Tuopu Group announced the redemption of its matured cash management products, specifically two structured deposits purchased with temporarily idle raised funds. The company had invested in structured deposits from Bank of China Beilun Branch and Ping An Bank Ningbo Beilun Branch. Upon maturity on December 11 and 12, 2025, the company retrieved a total principal of ¥400 million and generated investment income of ¥4.31 million. These funds have been promptly returned to the company's dedicated fundraising account.

The company had previously authorized the use of up to ¥2.4 billion of temporarily idle raised funds for structured deposits or principal-protected wealth management products, with the authorization period running from July 1, 2025, to June 30, 2026. As of December 12, 2025, the company's highest single-day investment in the past twelve months was ¥2.05 billion.

Currently, the company's utilized wealth management quota stands at ¥700 million, with an unused quota of ¥1.7 billion, out of a total authorized quota of ¥2.4 billion. The cumulative income from entrusted wealth management over the past twelve months represents 0.51% of the latest annual net profit.