Jilin Forest Industry to boost returns with cash management strategy

Jilin Forest Industry Co. announced its decision to implement cash management using temporarily idle raised funds, totaling 84 million yuan. This move, approved by the Ninth Board of Directors' Seventh Meeting on August 22, 2025, aims to enhance the efficiency of idle funds and generate additional returns without impacting ongoing investment projects or normal operations. The maximum authorized amount for cash management is 124 million yuan, with an authorization period from August 31, 2025, to August 30, 2026.

The company has invested 84 million yuan from its raised funds special account with China Construction Bank Changchun Xi'an Road Sub-branch into a "Unit Structured Deposit" wealth management product. This product is a principal-protected, floating-yield type with a low to very low-risk profile, offering an expected annualized yield of 0.8% to 2.2% over a 31-day term, from September 18, 2025, to October 19, 2025. This transaction is not considered a connected transaction.

The raised funds, totaling 415.71 million yuan after expenses, originated from a private placement in 2018. They are allocated across various projects, including a concluded mineral water production project and sales channel construction which is in progress. The cash management aligns with the company's objective of high safety and good liquidity for its financial products.