HX COLDCHAIN (01641.HK): Subscribes for RMB 20 Million Structured Deposit with Bank of Communications, Constituting a Discloseable Transaction
- The product is an exchange rate-linked, principal-protected floating-return fixed-term structured deposit with a term of 35 days; the subscriber has no right to terminate it during the term, while the bank may unilaterally terminate it early under the subscription terms.
- The subscription was funded by the Group's internal resources, with no proceeds from the global offering utilised.
NewTimeSpace News: On 14 September 2026, Hongxing Coldchain (Hunan) Co., Ltd. (stock code: 01641.HK) announced that on 14 September 2026 it subscribed, using its idle funds, for a wealth management product in the amount of RMB 20 million with Bank of Communications Co., Ltd. Hunan Provincial Branch, namely the "Yuntong Wealth" 35-day fixed-term structured deposit, an exchange rate-linked, principal-protected floating-return fixed-term structured deposit product with a term of 35 days and an expected annualised return of 0.65% to 1.58%.
The announcement disclosed that the subscription was funded by the Group's internal resources and did not utilise any proceeds from the global offering. As one of the applicable percentage ratios exceeds 5% but all are below 25%, the subscription constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules on a standalone basis, subject to the notification and announcement requirements thereunder.
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