Tongda Chuang Zhi, an indirect non-wholly owned affiliate of Tongda Group Holdings Ltd., has recently engaged in financial activities by utilizing its idle funds to subscribe to Wealth Management Products. Specifically, the affiliate subscribed to two ICBC Wealth Management Products, with investment amounts of RMB51.33 million and RMB10 million respectively. Tongda Chuang Zhi is primarily involved in the production of durable household goods, household utensils, sports goods, and healthcare goods in the PRC. This move marks a strategic financial investment by Tongda Chuang Zhi, leveraging opportunities in the financial market to potentially enhance its financial outcomes.
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