Pingtan Development to invest up to CNY 500m in wealth management products

Zhongfu Straits Pingtan Development's board of directors has approved a proposal to utilize idle self-owned funds for purchasing wealth management products. The decision, made to enhance capital efficiency and generate additional returns, involves investing in highly secure and liquid products offered by banks and securities firms.

The company plans to invest a maximum outstanding amount of CNY 500 million in these products, with funds eligible for rolling use within this limit. The investment period is set from January 1, 2026, to December 31, 2026, ensuring that the initiative does not impede daily operations or ongoing project investments.

This strategy aims to optimize the use of temporary idle capital, ensuring both the security and liquidity of funds while generating investment income for shareholders. The company emphasized that rigorous risk control measures and information disclosure protocols would be followed in accordance with regulatory requirements.