Wuxi Shangji Automation redeems, reinvests idle funds in structured deposit

Wuxi Shangji Automation, also known as Hongyuan Green Energy, announced the redemption of a previous cash management product and the subsequent investment of 80 million yuan in a new structured deposit. The company redeemed the "Li Duoduo Company Stable Profits 25JG7676 (Three-Tier Bullish) RMB Public Structured Deposit" from the Pudong Development Bank's Baotou Branch, receiving the principal of 80 million yuan and investment income of 388,444.44 yuan.

Following this, the company purchased the "Li Duoduo Company Stable Profits 25JG3660 (Three-Month Early Bird) RMB Public Structured Deposit" with the same bank, committing 80 million yuan. This new product, maturing on January 13, 2026, offers an expected annualized return between 0.70% and 1.90% and is a principal-protected floating-income product. This move aligns with the company's approved resolution to use up to 380 million yuan of idle raised funds for cash management, aiming to increase returns while ensuring capital security and liquidity.

The cash management strategy utilizes temporarily idle raised funds from the company's 2020 public issuance of convertible bonds, which generated net proceeds of 654,535,377.36 yuan. The 80 million yuan investment does not impact Wuxi Shangji Automation's main business, financial position, operating results, or cash flow.