An announcement from Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) is now available.

Jiangsu Lopal Tech.’s subsidiary Lopal Times has subscribed to a new fixed-income, open-end wealth management product issued by ICBC, investing RMB40 million of idle funds into a non-principal-guaranteed, low-risk product focused largely on debt assets. This latest purchase adds to RMB1.11 billion of existing ICBC wealth products and, when aggregated, triggers a discloseable transaction under Hong Kong listing rules, requiring market notification but not shareholder approval.

Management says the subscription is intended to boost returns on idle cash without affecting the group’s working capital or day-to-day operations, and stresses that the funds do not come from recent share offerings. By continuing to channel surplus liquidity into relatively low-risk bank products, Lopal Tech seeks to enhance income while signaling disciplined treasury management to investors and aligning with its broader capital efficiency strategy.