Asia Network Technology (00679) announced that the acquirer Asia Electroplating Equipment Co., Ltd. (an indirect wholly-owned subsidiary of the company) purchased deposit products with a total face value of RMB 85 million from the Macau Branch of Agricultural Bank of China Co., Ltd. at a total cost of RMB 85 million on February 23, 2024.
The purchase of deposit products forms part of the Group's treasury activities to manage its financial asset portfolio on a daily basis. Compared with the RMB time deposit interest rate offered by the Commercial Bank of Hong Kong, China, this deposit product has a higher return rate.