On 10 February 2026, Hongxing Coldchain (Hunan) Co., Ltd. (01641) announced the use of idle funds to subscribe for a wealth management product from Bank of Communications Co., Ltd. (Hunan Branch) for RMB50 million. The product, named “Yuntong Wealth Fixed-term Structured Deposit 90 days,” is principal-protected with floating returns and offers an expected annualized return rate ranging from 1% to 2.22%. Its term is 90 days, and early redemption is generally restricted except for circumstances that may allow the issuer to terminate the product in advance.

According to the announcement, the transaction constitutes a discloseable transaction under Chapter 14 of the Listing Rules, as one of the applicable percentage ratios exceeds 5% but remains below 25%, making it subject to notification and announcement requirements. The Company indicated that the subscription aims to enhance capital efficiency by investing available surplus cash into a lower-risk, principal-guaranteed product, with management assessing the product’s comparatively higher return potential over prevailing fixed-term deposits.

The Company clarified that the subscription was funded exclusively by internal resources, with no proceeds drawn from the Global Offering. The Directors stated that the principal-guaranteed nature upon maturity and relatively short term of 90 days are in line with the Group’s internal risk and treasury management policies. The term and expected return were also considered fair and reasonable, and the Company views the subscription as beneficial to its overall financial position.