China ITS (Holdings) Co., Ltd. announced that its non-wholly owned subsidiary, Beijing Hengying Zhihang Technology Co., Ltd. (Hengying Intelligent Aviation), has applied for the full redemption of two wealth management products issued by Huaan Securities on 15 May 2026.

The redemptions cover: 1) Huaan Zunxiang Jijiying No. 7 Collective Asset Management Plan subscribed on 17 May 2024; 2) Huaan Zunxiang Yueyueying No. 5 Collective Asset Management Plan subscribed on 20 May 2024.

Each product carried a principal of RMB10.00 million, taking the aggregated subscription and redemption value to RMB20.00 million. Based on expected proceeds, the unaudited gains are estimated at RMB0.59 million and RMB0.59 million, respectively, delivering a combined return of approximately RMB1.19 million.

According to the Hong Kong Listing Rules, the two redemptions—similar in nature, executed within a 12-month window and involving the same counterparty—are aggregated for classification purposes. The highest applicable percentage ratio on this basis exceeds 5 % but remains below 25 %, rendering the transactions “disclosable” and subject to reporting and announcement requirements under Chapter 14 of the Listing Rules.

Management stated that the wealth management investments were originally made with surplus operating cash to balance income generation with liquidity and low risk. The favourable performance of the products prompted the early exit, enabling the Group to reallocate capital toward other opportunities or general corporate purposes.

Huaan Securities, the product issuer, is a Shanghai-listed comprehensive securities firm whose principal shareholders are Anhui Provincial State-owned Capital Operation Holding Group Co., Ltd. (24.34 %) and Anhui Publishing Group Co., Ltd. (12.16 %). China ITS confirmed that Huaan Securities and its ultimate beneficial owners are independent third parties in relation to the Group.

China ITS emphasised that the redemption terms are on normal commercial grounds and align with the interests of both the company and its shareholders.