XTALPI (02228) subsidiary purchased several Shanghai Pudong Development Bank structured deposits totaling 3.561 billion yuan.

XTALPI (02228) announced that on September 11, 2025, the company's subsidiary QuantumPharm Limited purchased a number of structured deposits issued by Shanghai Pudong Development Bank for a total consideration of RMB 356.1 million. The structured deposits of Shanghai Pudong Development Bank are capital protected products with a minimum guaranteed return, plus a floating return. The issuer, Shanghai Pudong Development Bank, is a well-known bank in China. The directors believe that this transaction will provide the group with returns better than those typically offered by regular term deposits from Chinese commercial banks; the transaction will be funded from the group's surplus cash reserves, therefore it will not affect the group's working capital or operations; and appropriate low-risk financial management will help to improve the utilization of idle funds and increase the group's returns on idle funds. Therefore, the directors believe that this transaction is conducted on normal commercial terms, is fair and reasonable, and is in the overall interest of the company and shareholders.