Jiangsu Lopal Tech Co. Ltd. Class H (HK:2465) has released an update.
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Jiangsu Lopal Tech’s subsidiary, Sichuan Liyuan, has invested RMB100 million in two low-risk wealth management products from BOC, following a previous investment of RMB300 million. These transactions, exceeding a 5% ratio, are considered discloseable under Hong Kong’s listing rules, requiring notification and announcement but not shareholder approval. The investments, which have a guaranteed return, are linked to the EUR/USD exchange rate, reflecting the company’s strategic financial management.
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