Milkground redeems, reinvests ¥300m in cash management strategy

Shanghai Milkground Food Technology Co., Ltd. (Milkground) announced the redemption of ¥300,000,000 from its "Liduduo Company Stable Interest 25JG6962" structured deposit, which matured on September 3, 2025. This investment yielded a profit of ¥1,612,500, with both principal and earnings fully received. The company confirmed that this cash management strategy aims to enhance the efficiency of its raised funds and increase company income without impacting core operations or investment projects.

Following the redemption, Milkground immediately reinvested the same amount, ¥300,000,000, into a new 90-day structured deposit product with Shanghai Pudong Development Bank, "Liduduo Company Stable Interest 25JG8553," starting September 3, 2025. This new product is a capital-protected floating-yield type, with a base annual interest rate of 0.70%, potentially increasing based on the EUR/USD exchange rate.

The decision for this cash management strategy was approved by Milkground's Twelfth Board of Directors and Twelfth Board of Supervisors on November 18, 2024. The total raised funds from its non-public offering, net of issuance expenses, amounted to ¥2,981,164,864.86. The company emphasizes that the current cash management actions will not affect the progress of its various investment projects.