Eastroc Beverage (09980.HK): Subsidiaries Subscribe for RMB 550 Million Wealth Management Products from Huaxia Bank; Combined with Previous Subscriptions Constitutes Notifiable Transaction

NewTimeSpace News: Eastroc Beverage (Group) Co., Ltd. (stock code: 09980) announced that on 5 August 2026, its wholly-owned subsidiaries Dongpeng Beverage Marketing (Guangdong) and Guangdong Supply Chain subscribed for wealth management products totaling RMB 550 million provided by Huaxia Bank. The subscriptions comprise: two tranches of Huaxia Wealth Management Fixed Income Pure Bond Minimum 14-Day Holding Product A H at RMB 150 million and RMB 200 million respectively, with expected annualized yields of 2.15%; and one tranche of Huaxia Wealth Management Fixed Income Pure Bond Minimum 7-Day Holding Product 2 U at RMB 200 million, with an expected annualized yield of 2.12%. All products are non-principal-guaranteed floating-return type, fully invested in fixed-income financial instruments.

According to the announcement, at the time of this subscription, the company's subsidiaries had not yet completed previous subscriptions of RMB 1,857 million from Huaxia Bank. Pursuant to Rule 14.22 of the Listing Rules, as the highest applicable percentage ratio exceeds 5% but is below 25% on a combined basis, the Huaxia subscriptions constitute a notifiable transaction under Chapter 14, subject to notification and announcement requirements but exempt from shareholders' approval. The group utilized its idle funds for the subscriptions. The board believes the transactions were conducted on normal commercial terms, are fair and reasonable, and in the interests of the company and shareholders. Huaxia Bank is a commercial bank listed on the Shanghai Stock Exchange and is an independent third party.

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