On September 19, 2024, Tongda Group announced that its indirectly non-wholly-owned subsidiary, Tongda Chuangzhi, used idle funds to subscribe to the wealth management products of Industrial Bank, with a subscription amount of 50 million yuan. The wealth management products have a duration of 61 days and an expected annualized return rate between 1.50% and 2.25%. This subscription constitutes a disclosed transaction under Article 14.22 of the Listing Rules, as the applicable percentage exceeds 5% but is below 25%. Tongda Chuangzhi is mainly engaged in the production of durable goods for households, while Industrial Bank is a licensed bank in China. The board of directors believes that the terms of this subscription are fair and reasonable, and are in the best interests of the company and its shareholders, providing returns superior to ordinary time deposits and having no significant impact on operational funds.

On September 19, 2024, Tongda Group announced that its indirectly non-wholly-owned subsidiary, Tongda Chuangzhi, used idle funds to subscribe to the wealth management products of Industrial Bank, with a subscription amount of 50 million yuan. The wealth management products have a duration of 61 days and an expected annualized return rate between 1.50% and 2.25%. This subscription constitutes a disclosed transaction under Article 14.22 of the Listing Rules, as the applicable percentage exceeds 5% but is below 25%. Tongda Chuangzhi is mainly engaged in the production of durable goods for households, while Industrial Bank is a licensed bank in China. The board of directors believes that the terms of this subscription are fair and reasonable, and are in the best interests of the company and its shareholders, providing returns superior to ordinary time deposits and having no significant impact on operational funds.