Wangfujing uses 140 million yuan of idle fundraising to buy structured deposits, with returns potentially affected by market fluctuations

Wangfujing Group announced that its previous HKD 140 million structured deposit has been redeemed, yielding HKD 1.137 million. The company plans to use the temporarily idle raised funds of HKD 140 million to purchase an 80-day structured deposit from Hua Xia Bank Guanghua Branch, with an expected annualized yield of 0.6%, 1.88%, or 2.13%, which is a principal-protected floating income type. Although the investment has high safety, good liquidity, and controllable risk, it may still be affected by macroeconomic conditions and market fluctuations. The company will handle the business in accordance with relevant regulations, track the situation in a timely manner, and independent directors have the right to supervise. This operation can improve the efficiency of fund utilization and is in line with the interests of shareholders. As of the announcement date, the company has multiple cash management operations within the authorization validity period, with some principal not yet recovered