Tongdao Liepin Group (6100) disclosed multiple wealth management product subscriptions from Bank of Hangzhou (BoH), referring to earlier announcements dated 1 August 2025 and 30 September 2025. The latest transactions, funded by surplus cash reserves and previously redeemed principal, involve principal-guaranteed structured deposit products with varying terms and annualized rates of return tied to EUR/USD exchange rates.
The Group, through several subsidiaries including Beijing Saiyou Education Technology Co., Ltd. and Changsha Ranxing Information Technology Co., Ltd., subscribed to products with total principal amounts ranging from RMB7 million to RMB70 million on dates between 10 October and 31 October 2025. All products are assessed as low-risk by the issuer and offer no early redemption options for the Group.
These subscriptions exceed the 5% but remain under the 25% threshold for applicable percentage ratios under the Listing Rules, classifying them as discloseable transactions that require announcements without necessitating shareholder approval. According to the announcement, the Group views these subscriptions as an effective application of idle funds to enhance returns while maintaining capital safety and liquidity, aligned with the objective of supporting daily operations of the talent services business.
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