Zhongfu Straits continues investing in low-risk financial products

Zhongfu Straits Pingtan Development (SZSE:000592) announced that the cumulative amount of its investments in financial products has exceeded 10% of the company's latest audited net assets, triggering disclosure requirements. The company's board approved the use of idle funds, not exceeding CNY 800 million, for investments in low-risk financial products issued by banks and securities companies. The investments began on April 11, 2025, with varied durations and expected annualized returns ranging from 0.65% to 2.12%. Additionally, the announcement detailed financial products purchased within the last twelve months, including structured deposits and investments, along with corresponding gains upon redemption. As of the date of the announcement, many of these financial products have already been redeemed, generating investment income for the company.