LOPAL TECH (02465.HK): Subscribes to RMB1 Billion ICBC Wealth Management Product with 22-Day Tenor
NewTimeSpace News: Jiangsu Lopal Tech. Group Co., Ltd. (02465.HK) announced that it has subscribed to a principal-guaranteed structured deposit wealth management product worth RMB1 billion from ICBC on 24 July 2026. The investment tenor lasts 22 days (27 July 2026 to 18 August 2026) with an anticipated annualised yield ranging from 0.65% to 2.00%. When aggregated with outstanding prior subscriptions, the transaction constitutes a discloseable transaction.
NewTimeSpace News: On 24 July 2026, Jiangsu Lopal Tech. Group Co., Ltd. (02465.HK) issued an announcement. The Company subscribed to a structured deposit wealth management product issued by Industrial and Commercial Bank of China. The product offers principal guarantee and guaranteed minimum return with low risk profile. The investment period spans 22 days, commencing on 27 July 2026 and ending on 18 August 2026. The expected annualised yield ranges from 0.65% to 2.00%, linked to EUR/USD spot mid-rate published on Bloomberg BFIX EURUSD page. The subscriber is not entitled to early termination or redemption.
At the time of this subscription, a prior subscription of RMB50 million remained outstanding. The highest applicable percentage ratio upon aggregation exceeds 5% but is below 25%, thus constituting a discloseable transaction subject to notification and announcement requirements and exempt from shareholders’ approval.
The Company stated that the subscription enables the Group to deploy temporarily idle capital into relatively low-risk wealth management products to enhance capital utilisation efficiency and investment returns. The investment is not funded by proceeds raised from global offering or placing transactions and will not affect the Group’s working capital and daily operations.
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