Linyang Energy invests CNY 240m in low-risk wealth management

Jiangsu Linyang Energy Co., Ltd. (SSE:601222) announced that it has invested CNY 240 million of idle raised funds into a structured deposit product offered by the Industrial and Commercial Bank of China (ICBC). The investment, a "Principal-Protected Floating Rate Type" deposit, will span 94 days, from May 6, 2025, to August 8, 2025. The expected annualized return ranges from 1.05% to 2.30%. This move aims to improve the efficiency of the company's raised funds without affecting its ongoing project investments. The company has emphasized that the wealth management activities adhere to relevant regulations and do not impact normal project progress. The board of directors has authorized designated personnel to manage these investments.