Jiangsu Lopal Tech (02465.HK) announced that its indirectly non-wholly-owned subsidiary SiChuan Lithium Source purchased two structured deposit products linked to performance from Bank Of China (03988.HK) last Friday (15th) for a total amount of 0.1 billion yuan.

Jiangsu Lopal Tech stated that this subscription will allow the company to utilize temporarily idle funds to purchase relatively low-risk financial products, which can enhance the group's fund utilization efficiency, increase the income from idle funds, and boost the group's earnings. Additionally, the current subscription from Bank Of China does not involve any funds raised from a Global offering, and will not affect the group's operating capital situation and operations.