Gelonghui September 26?Bi Shengyuan (00926.HK) noticeAbout subscribing for shares in the fund.The name of the fund is Zhongzhou Longteng Global opportunity Fund.The Board has resolved to approve the subscription and, accordingly, the Company will sign the subscription application form to subscribe for the HK $100 million participating shares in accordance with the terms and conditions of the contract document.
As part of the Group's treasury policy, idle or surplus cash and cash equivalents available at the relevant time are generally deposited in its principal bank as deposits to generate interest, or the Group may consider using available funds to make such investments in the event of any potential investment opportunities that may be conducive to shareholder value.
After considering the investment terms and risks of the subscription and the financial position of the group (including, but not limited to, cash reserves, capital requirements for maintaining day-to-day business, asset structure, etc.), and in order to make rational use of the group's idle funds, improve the efficiency of the use of such funds and generate investment income, so as to bring appropriate returns to shareholders, the directors are of the view that The use of some of its idle funds for subscription will be in the overall interests of the company and shareholders.