Bay Area Dev (737, 80737) Announces RMB300 Million Structured Deposit Subscription

Bulletin Express
02/04

Shenzhen Investment Holdings Bay Area Development Company Limited (“Bay Area Dev,” Stock Codes: 737 HKD and 80737 RMB) announced that its non wholly-owned subsidiary, Shenzhen Guangshen Coastal Expressway Investment Company Limited (the “Coastal Company”), subscribed to a principal-guaranteed structured deposit product from Bank of China (BOC) on February 4, 2026, after trading hours.

According to the details provided, the deposit amount is RMB300 million, carrying a variable return with an expected annualized rate of either 0.6% or 2.36%. The 90-day product commences on February 6, 2026, and the Coastal Company utilized internal resources for the subscription.

Bay Area Dev holds a 51% stake in the Coastal Company, with the remaining 49% owned by Shenzhen Expressway. BOC serves as the issuer, engaging in commercial banking activities in the People’s Republic of China and operating under listed status in both Hong Kong and Shanghai. The transaction, classified as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, meets the notification and announcement requirements but is exempt from shareholders’ approval.

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