
Jiangsu Lopal Tech Invests RMB1 Billion in ICBC Structured Deposit

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Jiangsu Lopal Tech (HK:2465) announced a RMB1 billion investment in a 30-day structured deposit with ICBC. The product guarantees principal and offers an expected annualized return of 0.65% to 2.00%, pegged to EUR/USD. This transaction, combined with existing holdings, triggers disclosure obligations under Hong Kong Listing Rules but does not require shareholder approval, reflecting the company's conservative treasury management strategy.
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