China Science Publishing redeems, reinvests idle funds for returns

China Science Publishing & Media Group announced the redemption of 120,000,000 yuan in principal from two structured deposit products with China CITIC Bank. These products, purchased on June 21, 2025, matured on September 19, 2025, generating a total investment income of 533,900 yuan. Both the principal and accrued income have been returned to the company's raised funds account.

Following this redemption, the company has invested 100,000,000 yuan of its idle raised funds into a China CITIC Bank unit large-denomination certificate of deposit. This product offers a principal-protected fixed income with an expected annualized yield of 3.25% and a term of 210 days, maturing on April 23, 2026. This move aligns with the company's objective to enhance the efficiency of its idle funds and increase cash asset returns without impacting project progress.

The company’s board approved the use of up to 760,000,000 yuan in idle raised funds for cash management during its 2024 annual shareholders' meeting, selecting high-safety, high-liquidity products. This current investment represents 10.15% of the company's most recent period-end monetary capital. The company emphasizes that its cash management activities are managed under strict risk control measures, including real-time monitoring and oversight by its audit department, to ensure capital security.