Tongda Group (00698) Subsidiary Tongda Smart Tech Invests Total of RMB50 Million in Wealth Management Products

Stock News

2025/11/10

Tongda Group (00698) announced that its indirect non-wholly owned subsidiary, Tongda Smart Tech (Xiamen) Co., Ltd., utilized idle funds to subscribe to several wealth management products on October 15, October 30, and November 10, 2025. The investments include (i) China Post Wealth Management products, CITIC Bank Wealth Management products, and China Merchants Bank Wealth Management products, with subscription amounts of RMB10 million, RMB10 million, and RMB30 million, respectively.

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