According to Zhitong Finance App, Huabao International (00336) announced that on May 17, 2024 (after the transaction time), the total investment amounts of the Bank of Jiangsu financial products and the Bank of Hangzhou financial products that have been subscribed separately from the Bank of Jiangsu and the Bank of Hangzhou financial products that have not expired on the date of this announcement were RMB 903 million and RMB 566 million respectively.

On the date of this announcement, the directors confirmed that (i) with the exception of these financial products of the Bank of Jiangsu and the financial products of the Bank of Hangzhou, which have not yet expired, all other financial products that have been separately subscribed to the Bank of Jiangsu and the Bank of Hangzhou have been redeemed in accordance with their respective terms; (ii) the Group believes that subscribing to such financial products will each receive reasonable interest; and (iii) subscribing to such financial products will not adversely affect the financial situation of the Group.