According to the Zhitong Finance App, BAIWANG CO (06657) announced that on October 18, 2024, the company placed an order to subscribe for wealth management products with a principal amount of RMB 50 million issued by the Bank of Beijing. Prior to the latest subscription, from November 7, 2023 to August 23, 2024, the company had subscribed to wealth management products with a total principal amount of RMB 0.35 billion, of which RMB 50 million had not yet been redeemed.