LUDASHI (03601) announced that to optimize the utilization of idle funds and enhance returns, its subsidiary Chengdu Mijiayou entered into Structured Deposit Product Agreement XLVIII with China Merchants Bank on November 13, 2025. Under the agreement, Chengdu Mijiayou subscribed to a RMB 50 million structured deposit product. The subscription funds were sourced from the redeemed principal under Structured Deposit Product Agreement XLVII.