Tianrun Dairy redeems cash management products, secures $660,000 profit

Xinjiang Tianrun Dairy Company Limited announced the redemption of cash management products, specifically large-denomination certificates of deposit, totaling $240,000,000. These funds were part of the company's temporarily idle raised capital, approved for cash management on December 5, 2024, with a maximum single-day balance of $400,000,000 and a 12-month term. The redemption occurred on September 30, 2025, upon maturity.

The investment yielded a total income of $660,000. Specifically, four separate investments were made through the Shanghai Pudong Development Bank Co., Ltd. Urumqi Branch. Two investments of $100,000,000 each, and two investments of $20,000,000 each, all maturing on September 30, 2025. Each investment generated an annualized yield of 1.1%. This resulted in profits of $275,000 for each $100,000,000 investment and $55,000 for each $20,000,000 investment.

As of the announcement date, all products related to the cash management of temporarily idle raised funds have been fully redeemed. The principal and accrued interest have been returned to the designated special account for raised funds, with no significant discrepancies from the expected returns. This marks a successful utilization of idle capital to generate additional income for the company.