Tongkun Group approves semi-annual report, expands cash management strategies

Tongkun Group Co., Ltd. announced that its Ninth Board of Directors' Nineteenth Meeting and Ninth Supervisory Board's Fifteenth Meeting, held on August 27, 2025, approved the 2025 Semi-Annual Report in its entirety and summary. The company will use up to 20 billion yuan in idle self-owned funds for wealth management products, with a validity period of 12 months from the approval date. The board noted that since the last resolution, 280 million yuan has been used for entrusted wealth management, generating 10.38 million yuan in cumulative income.

Additionally, the company will continue to utilize up to 350 million yuan of temporarily idle raised funds for cash management, maintaining a validity period of 12 months from the approval date. These funds will be invested in highly secure, capital-protected, short-term wealth management products from financial institutions, without impacting the construction of raised fund investment projects or normal business operations. The supervisory board confirmed that these cash management initiatives are compliant and beneficial for increasing capital efficiency and shareholder returns.