Beijing Chunlizhengda Invests in Bank of Beijing Deposits

Beijing Chunlizhengda Medical Instruments Co., Ltd. Class H (HK:1858) has released an update.

Beijing Chunlizhengda Medical Instruments Co., Ltd. has entered into agreements to subscribe to structured deposit products with the Bank of Beijing, investing a total of RMB744 million using temporary idle proceeds from the issuance of A shares. These investments, categorized as discloseable transactions, are exempt from shareholder approval but require reporting due to their scale. The deposits are linked to the EUR/USD rate, offering principal-guaranteed returns with potential annualized rates between 1.30% and 2.40%.

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