Milkground redeems matured cash management product

Shanghai Milkground Food Technology Co., Ltd. announced the redemption of a cash management product utilizing a portion of its temporarily idle raised funds. This followed a resolution passed at board and supervisory board meetings on November 18, 2024, which approved the use of temporarily idle own and raised funds for cash management. Both the company’s supervisory board and the sponsor institution approved the matter, eliminating the need for shareholder approval.

On September 26, 2025, the company invested 50 million yuan in the "2025 FX Linked Structured Deposit Custom Series 9 Product 357." This product had a term of 24 days, with an accrual start date of September 26, 2025. The details of this investment were previously disclosed on September 27, 2025, on the Shanghai Stock Exchange website and in designated information disclosure media, under announcement number 2025-085.

As of the disclosure date of this announcement, the product matured on October 20, 2025. Shanghai Milkground Food Technology Co., Ltd. has successfully redeemed the principal amount of 50 million yuan and received a gain of 52,000 yuan. The company confirmed that the returns met expectations, and both the principal and gains have been fully credited to its account.