Milkground redeems, reinvests cash management product with positive returns

Shanghai Milkground Food Technology Co., Ltd. (Milkground) announced the redemption of its “2025 RMB-Linked Public Structured Deposit Customised Phase 6 Product 493” on June 26, 2025. The product, a 90-day investment of 50 million yuan, matured and yielded a profit of 268,750 yuan, with both principal and income fully received. This cash management initiative utilized temporarily idle raised funds.

Following the successful redemption, Milkground has continued its cash management strategy by purchasing a new structured deposit product, the “2025 RMB-Linked Public Structured Deposit Customised Phase 9 Product 357,” from China Everbright Bank Shanghai Branch. This new product, also worth 50 million yuan, has a term of 24 days and an expected annualized yield of 1.66%/1.56%/0.75%. The company emphasizes that these principal-protected investments aim to enhance shareholder returns without impacting core business operations or fundraising project schedules.

The decision to engage in cash management was approved by Milkground’s Twelfth Board of Directors and Supervisory Board First Meetings on November 18, 2024. This approval allows for the use of up to 1.75 billion yuan of temporarily idle raised funds for up to 12 months on a rolling basis. As of June 30, 2025, the 50 million yuan invested represents 7.63% of the company's consolidated cash and cash equivalents of 655.6166 million yuan.