Ming Yang Smart Energy continues short-term cash management with structured deposit

Ming Yang Smart Energy Group Co., Ltd. recently agreed with China Construction Bank Zhongshan Branch to purchase a principal-protected structured deposit product using idle raised funds amounting to 500 million yuan. The product has a term of 21 days, from October 10, 2025, to October 31, 2025, with an expected annualized return rate between 0.65% and 2.0%, potentially yielding an estimated income of 187,000 yuan to 575,300 yuan. This aligns with the company's approved resolution from July 22, 2025, allowing for cash management up to a maximum daily balance of 500 million yuan within a 12-month period.

The company emphasizes that this cash management strategy prioritizes safety and liquidity, utilizing high-quality, principal-protected financial products from reputable institutions. This action does not interfere with the normal progress of its fundraising investment projects and aims to maximize the utilization of idle capital, generating additional investment income for the company and its shareholders without altering the intended use of the raised funds. The company cautions investors to be aware of potential risks, though small, from market fluctuations or changes in macroeconomic financial policies that could affect returns.

As of the disclosure date, the company's total investment in cash management using temporarily idle raised funds over the past twelve months, including this latest transaction, stands at 1.5 billion yuan. Of this, 1 billion yuan has already been redeemed, with a total realized income of 1.1731 million yuan. The current outstanding principal amount is 500 million yuan. The highest single-day investment over the past twelve months was 500 million yuan, representing 1.91% of the net assets over the same period.