Xinhe Co., Ltd. uses 50 million yuan of idle raised funds to purchase structured deposits with an expected annual yield of 1.2% to 2.0%.

[Financial News] Xinhua Shares (003016) announced on March 13 that the company recently used 50 million yuan of idle raised funds to purchase structured deposit products from CITIC Bank to improve capital efficiency.

The announcement shows that the investment product is called “Win-Win Zhi Xin Exchange Rate Linked RMB Structured Deposit A30793,” a principal-protected floating return type. The start date is March 11, 2026, and the maturity date is September 7, 2026. The expected annualized return range is 1.2%-1.6%-2.0%. The company has no related party relationship with CITIC Bank.

According to the announcement, the company’s fifth board of directors approved the relevant proposal at the eighth meeting held on April 24, 2025, approving the use of no more than 500 million yuan of idle raised funds and no more than 800 million yuan of idle proprietary funds for cash management. The usage period is within twelve months from the date of board approval, and the funds can be rolled over repeatedly.

Regarding risk control, the company stated it will strictly follow the relevant regulations of the Articles of Association and the External Investment Management System for decision-making and management. The finance department will track the investment products and progress, the internal audit department will supervise, and independent directors will conduct regular or irregular inspections. The company emphasizes that this investment is made under the premise of ensuring that raised funds are invested in projects and daily operations, and will not affect normal operations and project construction.

As of the announcement date, the company’s recent twelve months’ use of idle raised funds to purchase cash management products is as follows:

The company states that through moderate cash management, it can effectively improve capital utilization, achieve certain investment returns, and seek more investment benefits for the company and shareholders.

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