Milkground redeems idle funds from cash management

Shanghai Milkground Food Tech (SSE:600882) announced the successful redemption of CNY 2,100,000 principal from its "2025 Year-Linked Exchange Rate Structured Deposit Customized Fourth Phase Product 374" investment. The 32-day investment, which began on April 17, 2025, yielded CNY 42,000 in returns, meeting the company's expectations. This action aligns with the resolution passed at the twelfth meeting of the board and supervisors on November 18, 2024, authorizing the use of temporarily idle funds for cash management. The company has disclosed further details regarding the investment in a previous announcement (No. 2025-038) on the Shanghai Stock Exchange (www.sse.com.cn) and other designated media outlets. Shanghai Milkground confirmed that both the principal and returns have been fully received.