Zhejiang Shibao announced on August 1, 2024 that it successfully subscribed to the sixth wealth management product from the China CITIC Bank Hangzhou Economic and Technological Development Zone Branch, with a subscription amount of RMB 35 million, using part of its idling funds. The wealth management product is a principal-guaranteed floating income type with a maturity date of October 30, 2024, and an expected annualized return rate ranging from 1.05% to 2.37%. According to the Hong Kong listing rules, this subscription needs to be combined with the subscription amounts of the previous five wealth management products, and the highest applicable percentage rate after the combination ranges from 5% to 25%, thus constituting a disclosure transaction. The company stated that this move aims to improve the efficiency of using idling funds and to provide more returns to shareholders, and it will not affect the normal operation of the company and the investment projects of raising funds.

Zhejiang Shibao announced on August 1, 2024 that it successfully subscribed to the sixth wealth management product from the China CITIC Bank Hangzhou Economic and Technological Development Zone Branch, with a subscription amount of RMB 35 million, using part of its idling funds. The wealth management product is a principal-guaranteed floating income type with a maturity date of October 30, 2024, and an expected annualized return rate ranging from 1.05% to 2.37%. According to the Hong Kong listing rules, this subscription needs to be combined with the subscription amounts of the previous five wealth management products, and the highest applicable percentage rate after the combination ranges from 5% to 25%, thus constituting a disclosure transaction. The company stated that this move aims to improve the efficiency of using idling funds and to provide more returns to shareholders, and it will not affect the normal operation of the company and the investment projects of raising funds.