Homeland Interactive Technology Ltd. (3798) released an announcement detailing various subscriptions and redemptions of wealth management products made between July 4, 2024 and October 24, 2025. A total of 35 subscriptions and 11 redemptions in this period constituted discloseable transactions under Chapter 14 of the Listing Rules. These products include funds from GaoTeng WeValue USD Money Market Fund and structured deposits offered by financial institutions such as China Merchants Bank and Hua Xia Bank.
The subscription amounts were funded by Homeland Interactive’s idle internal resources. According to the announcement, the redemptions from GaoTeng WeValue USD Money Market Fund generated total gains of approximately USD943,857.10, which were applied or earmarked for general working capital. All pertinent products were short-term investments aiming to manage capital effectively, and specific terms included R1 or PR1 risk levels and expected annualized return rates ranging from around 1.0% to 2.5%.
Since several transactions triggered the 5% to 25% threshold, the announcement clarified that, on both standalone and aggregated bases, they require reporting and disclosure under Chapter 14. The announcement explained that these transactions help balance investment portfolios and address short-term liquidity needs.
Additionally, remedial measures to ensure timely and accurate disclosures were outlined, including enhanced internal procedures, size-test calculations before transaction execution, independent verification, and more frequent compliance training. Directors determined that the disclosed transactions were conducted on normal commercial terms and in the interests of shareholders.
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