Tongdao Liepin Group (HK:6100) has released an update.
Tongdao Liepin Group has engaged in two major wealth management product subscriptions through its subsidiary TD Elite, investing a total of RMB 130 million of its surplus cash reserves in structured time deposits with low-risk profiles and expected annual returns between 1.65% and 2.80%. These transactions are classified as discloseable under the Listing Rules and are notable for not requiring shareholder approval. The investments, tied to the EUR/USD exchange rate, reflect the company’s strategic financial management and the absence of early termination rights emphasizes their commitment to these investment terms.
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