Wuxi Acryl renews entrusted financial management program

Wuxi Acryl Technology (SSE:603722) announced the redemption of RMB 50 million in entrusted wealth management products, generating total proceeds of RMB 50,098,819.45. The company is continuing its program of entrusted financial management using idle funds. A new investment of RMB 50 million has been made with China Everbright Bank’s Wuxi branch, in a structured deposit product, with a term of 89 days and an expected annualized return between 1.3% and 2.25%. The company’s management emphasizes internal controls to mitigate risks, focusing on low-risk, principal-protected products with investment terms not exceeding 12 months. The program aims to improve the efficiency of the company’s idle funds without impacting normal operations. As of September 30, 2024, the company’s monetary funds were RMB 326,058,056.20.