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Nanjing Panda Electronics Co., Ltd. (00553) subscribes to 100 million yuan structured deposit products

Zhitongcaijing·08/17/2026 08:41:14
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Zhitong Finance App News, Nanjing Panda Electronics Co., Ltd. (00553) issued an announcement. On August 14, 2026, the company subscribed to a structured deposit product. This product was also issued by Huaxia Bank, with a principal amount of RMB 100 million.

These subscriptions are carried out by the Company for fund management. The purpose is to maximize the use of its idle cash to obtain better returns while reducing risk and ensuring high liquidity to meet the company's capital requirements. The Company considers the level of risk; expected return; and maturity terms, and believes that such subscriptions will provide the Company with better returns than deposits generally provided by commercial banks, and increase the Company's overall profit in the long run. Furthermore, such subscriptions are funded by the Company's idle cash and will not affect the Company's working capital or operations. Therefore, each director believes that such subscriptions are fair and reasonable and conform to the overall interests of the Company and shareholders.