Hubei Jumpcan unit redeems RMB 17m in deposits

Hubei Jumpcan Pharmaceutical Co., Ltd. (SSE:600566) announced that its wholly-owned subsidiary, Jichuan (Shanghai) Medical Technology Co., Ltd., has redeemed a structured deposit product with Bohai Bank, recovering the principal of RMB 17 million. The investment yielded a return of RMB 106,900, in line with expectations. This redemption is part of the company’s strategy to manage idle raised funds, with the total amount of cash management reaching RMB 56 million. The company has been approved to invest in cash management products up to RMB 580 million.