Tapai Group: Use no more than 4 billion yuan of idle self-owned funds for entrusted financing

March 14, Tapai Group announced that the company held the second meeting of the sixth board of directors on March 14, 2023 to consider and adopt the Bill on Entrusted Financing with Idle Self-owned Funds in 2023. It is agreed that the Company (including its branches and wholly-owned subsidiaries) will continue to use idle self-owned funds with a maximum amount not exceeding (including) RMB4 billion for entrusted wealth management on the premise of fully guaranteeing its daily operating capital needs, not affecting its normal production and operation and effectively controlling risks. The purpose of

entrusted financing is to improve the efficiency of the company's capital use and the level of capital income, and enhance the company's profitability.