Guanghe Tong (00638.HK) plans to use some of its own idle funds for entrusted wealth management.
Zhixin Finance and Economics APP News, Kwong Hing Tong (00638.HK) announced that on November 17, 2025, the company held the sixth meeting of the fourth Strategic and Investment Committee, the nineteenth meeting of the fourth Board of Directors, and the eighteenth meeting of the fourth Supervisory Board. It reviewed and approved the "Proposal on Using Part of Idle Own Funds for Entrusted Financial Management", agreeing that the company, wholly-owned subsidiaries, and holding subsidiaries may use up to 360 million RMB of idle own funds for entrusted financial management, under the condition of ensuring normal production and operation. The funds will be used to purchase high security, good liquidity, capital preservation or low-risk financial products, with a term from November 17, 2025 to November 16, 2026. Within the above-mentioned term and amount range, the funds can be used in a rolling manner, and the Chairman of the company is authorized to make decisions and sign relevant documents within the above-mentioned limit, with the authorization term from November 17, 2025 to November 16, 2026.
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