Milkground redeems investment, continues cash management strategy

Shanghai Milkground Food Tech (SSE:600882) announced the successful redemption of a RMB 15 million structured deposit with China Construction Bank on March 6, 2025, generating RMB 14,239.73 in收益. Following this, its subsidiary, Shanghai Zhixiang Food Technology, will reinvest RMB 10 million into bank wealth management products. This strategy is approved by the board and supervisors, complying with regulatory requirements, and leverages temporarily idle funds from a 2021 private placement totaling RMB 2.98 billion. These funds are earmarked for projects like the Shanghai Intelligent Cheese Production and the Changchun Dairy Processing Base, with approximately RMB 298.12 million allocated for raised fund projects. The investment aims to enhance capital efficiency without impacting ongoing projects, and adheres to strict risk control measures, including careful selection of financial institutions.