Tongda Group Subsidiary Deploys RMB40 Million Idle Funds into Industrial Bank 365-Day Fixed-Income Product

Bulletin Express03-27

Tongda Group Holdings Limited announced that its indirect non-wholly owned subsidiary, Tongda Chuang Zhi, subscribed to a fixed-income wealth management product issued by Industrial Bank on 27 March 2026, investing RMB40.00 million of idle funds.

The product—Xingyin Wealth Management’s 684th Closed-End Fixed Income Wealth Management Product—commences on 31 March 2026, runs for 365 days, and offers an expected annualised return of 2.50%.

Management stated that the subscription was negotiated at arm’s-length, reflects prevailing market pricing, and is funded entirely from surplus cash, leaving operating and working capital unaffected. The decision was underpinned by the product’s relatively low risk profile and a yield superior to typical PRC fixed-term deposits.

Under Hong Kong Listing Rule 14.22, one applicable percentage ratio for this transaction exceeds 5% but remains below 25%. When aggregated with structured deposit subscriptions disclosed on 12 February 2026, the thresholds are unchanged; therefore, the investment is classified as a discloseable transaction subject to notification and announcement requirements but not shareholder approval.

Tongda Group will continue to monitor the product’s performance and its impact on overall liquidity to ensure prudent capital utilisation.

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