Neutech Group Limited (9616) Announces Further RMB300 Million Investment in Wealth Management and Structured Deposit

Bulletin Express
10/24

Neutech Group Limited (Stock Code: 9616) has announced subscriptions for additional wealth management products and a structured deposit. According to the latest disclosure, a consolidated affiliated entity of the company, Dalian University, signed a new agreement with Industrial Bank on 24 October 2025 for RMB200 million in wealth management products. Dalian University also entered into a separate agreement with China Guangfa Bank on the same date for a structured deposit product totaling RMB100 million.

The total outstanding principal of subscriptions with Industrial Bank now stands at approximately RMB168.4 million. The new transactions are categorized under Chapter 14 of the Listing Rules as discloseable transactions. The percentage ratios for the aggregated Industrial Bank subscriptions and the Guangfa transaction each exceeded 5% but fell below 25%, triggering notification and announcement requirements without necessitating a circular or independent shareholders’ approval.

Neutech Group Limited focuses on education-related services and operates multiple schools, including Dalian University, in addition to its wider digital-smart ecosystem. Company representatives indicated that the decision to subscribe for these products aligns with treasury management objectives, aimed at ensuring liquidity and security of funds while achieving reasonable returns.

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