Shenzhen Investment Holdings Bay Area Development Company Limited (Bay Area Dev) disclosed that its 51%-owned subsidiary, Shenzhen Guangshen Coastal Expressway Investment Company Limited (Coastal Company), has placed a total of RMB340.00 million into two principal-protected structured deposits offered by the Tairan Jingu Sub-branch of Bank of China (BOC).

Coastal Company subscribed to Structured Deposit Product A on 8 May 2026, deploying RMB150.00 million of internal funds for a 90-day tenor commencing 11 May 2026. The product is principal-guaranteed and offers a variable annualised return of either 0.60% or 1.90%.

A second placement, Structured Deposit Product B, was executed on 4 June 2026 for RMB190.00 million, also funded internally. This 90-day instrument starts accruing from 5 June 2026 and provides a principal-guaranteed annualised return of 0.60% or 1.73%.

Management stated that deploying idle cash in low-risk, principal-protected deposits enhances capital utilisation efficiency and supports the Group’s objective of safeguarding capital while improving overall returns.

Because both deposits were arranged with the same bank within a 12-month period, the Hong Kong Listing Rules require aggregation of the two transactions. On a combined basis, the applicable percentage ratios exceed 5% but remain below 25%, classifying the aggregated subscriptions as a discloseable transaction. Consequently, Bay Area Dev must issue a public announcement but is exempt from seeking shareholder approval under Chapter 14 of the Listing Rules. Individually, each deposit falls below the 5% threshold and would not, on a standalone basis, trigger disclosure requirements.