Milkground redeems, reinvests idle funds for capital efficiency

Shanghai Milkground Food Tech (Milkground) successfully redeemed 100,000,000 yuan from a wealth management product, generating a profit of 512,500 yuan. This product, "Liduo Duo Company Steady Profit 25JG7116 (Triple Call) RMB Public Structured Deposit," matured on September 9, 2025, after a 90-day term.

Following the redemption, Milkground immediately reinvested 110,000,000 yuan into a new structured deposit product, "Liduo Duo Company Steady Profit 25JG8692 (Triple Call) RMB Public Structured Deposit" with Pudong Development Bank. This new product has a term of 89 days, commencing on September 9, 2025, and matures on December 8, 2025. Its expected annualized yield ranges from 0.70% to 2.10%, based on a floating income structure linked to the EUR/USD exchange rate.

The company's decision to continue cash management is consistent with its board and supervisory committee approvals from November 18, 2024, to utilize up to 1,750,000,000 yuan of idle funds for a period of 12 months. This strategy aims to enhance returns for shareholders without impacting ongoing operations or the progress of its investment projects.