NANJING PANDA (00553.HK): subscribes for structured deposits with Huaxia Bank, outstanding principal totaling RMB 300 million

NewTimeSpace News: On 17 August 2026, Nanjing Panda Electronics Company Limited (A-share: 600775; H-share stock code: 00553) announced that it subscribed on 14 August 2026 for a structured deposit product issued by Huaxia Bank with a principal of RMB 100,000,000. The product is a principal-protected with minimum return type and is classified as a low-risk product by Huaxia Bank, with an expected annualized return of 0.60% to 2.00%, a term from 17 August 2026 to 20 November 2026, and linked to the CSI SmallCap 500 Index.

According to the announcement, together with previous subscriptions, the outstanding principal of structured deposit products held by the Company with Huaxia Bank totals RMB 300,000,000, comprising RMB 100,000,000 subscribed on 28 April 2026, RMB 50,000,000 each subscribed on 2 July and 20 July 2026, and the RMB 100,000,000 subscribed on 14 August 2026; the RMB 100,000,000 product subscribed on 29 April 2026 matured on 7 August 2026.

Under Rules 14.22 and 14.23(1) of the Listing Rules, the subscriptions are required to be aggregated as a series of transactions as they were made with the same issuer within 12 months while the earlier product remained outstanding, and the highest applicable percentage ratio exceeds 5% but is below 25%, constituting a discloseable transaction for the Company. The announcement states that the subscriptions are funded by the Company's idle cash for treasury management purposes to obtain better returns without affecting working capital or operations, and the directors consider them fair and reasonable and in the interests of the Company and its shareholders as a whole.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.