Xinwangda: Plans to use a maximum amount of no more than 300 million yuan for securities investment
Xinwangda announced that the company and its holding subsidiaries intend to use idle self-owned funds up to RMB 300 million (inclusive) for securities investment. Within the quota and investment period, the funds can be used in a circular manner, and the income from the investment can be reinvested, but the amount of securities investment at any point in time during the period should not exceed the investment quota. The investment scope specifically includes A-shares issued and listed in China in accordance with the law, stocks listed on the Hong Kong Stock Exchange and the Swiss Stock Exchange, etc.