NANJING PANDA (00553) subscribes to a structured deposit product worth 100 million yuan.

NANJING PANDA (00553) announced that on August 14, 2026, the company subscribed to a structured deposit product, which is also issued by Huaxia Bank, with a principal amount of RMB 100 million. The subscription is made by the company for fund management purposes, aiming to make the best use of its idle cash to achieve better returns while minimizing risks and ensuring high liquidity to meet the company's funding needs. The company considers the level of risk, expected return rate, and maturity terms, believing that this subscription will provide better returns than the deposits generally offered by commercial banks, and will increase the company's overall earnings in the long run. Furthermore, the subscription is financed by the company's idle cash and will not affect the company's working capital or operations. Therefore, the directors consider this subscription to be fair and reasonable, and in the overall interest of the company and its shareholders.