Fuling Zhacai updates on wealth management, new and maturing investments

Chongqing Fuling Zhacai Group announced the progress of its wealth management activities, utilizing both idle self-owned funds and raised funds. The company’s board of directors and supervisory board approved the use of up to RMB 4 bn in idle self-owned funds and RMB 3.2 bn in idle raised funds for low-risk wealth management products. These investments are set for approval by the 2024 annual shareholders' meeting on April 25, 2025.

The announcement detailed several maturing investments, including multiple "Agreement Deposits" with Hengfeng Bank amounting to RMB 115m, which matured between July 24, 2025, and August 18, 2025. Other maturing investments included structured deposits and fixed-income products with various financial institutions such as Huajing Securities, ICBC, and Shenwan Hongyuan Securities, totaling RMB 105m, which matured between August 7, 2024, and March 13, 2025.

For new investments, Fuling Zhacai committed RMB 105m to "Agreement Deposits" with Hengfeng Bank, with maturities ranging from 3 to 15 days, starting between August 5, 2025, and August 18, 2025. Additional new investments include "Yuan Ding Zun Xiang 183" with Guoyuan Securities for RMB 15m and several fixed-income products with Southwest Securities, Huatai Securities, and Galaxy Securities, totaling RMB 98m, with varying terms up to one year, commencing between August 19, 2025, and August 22, 2025.