Jifeng Auto Parts redeems cash management product, principal and income returned

Ningbo Jifeng Auto Parts Company Limited (the "Company") announced the redemption of a cash management product purchased with idle raised funds. This initiative aligns with a resolution passed at the Fifth Board of Directors' Sixteenth Meeting and the Fifth Supervisory Board's Thirteenth Meeting on March 28, 2025. The resolution approved the use of idle raised funds for cash management, permitting the Company to manage up to a maximum daily balance of 350 million yuan through investments in highly secure and liquid principal-protected wealth management products offered by banks, brokerages, and trusts for a period not exceeding 12 months.

The specific product redeemed was the "Liduo Company Steady 25JG3523 (1-month view of branch network exclusive) RMB Public Structured Deposit" from the Pudong Development Bank Ningbo Beilun Sub-branch. The Company had invested 1,000.00 yuan in this product, which had a 31-day term and yielded an annualized rate of 1.60%.

Upon maturity, the principal amount of 1,000.00 yuan was successfully redeemed, along with an investment income of 1.38 yuan, with all funds being returned to the Company's dedicated raised funds account.