Jilin Forest Industry to invest $84m of idle funds in structured deposits

Jilin Forest Industry Co., Ltd. announced a cash management initiative, investing $84 million of temporarily idle raised funds into a unit-linked structured deposit product. This move follows approval allowing for cash management up to $124 million with a term not exceeding 12 months. The current investment, with China Construction Bank Corporation Changchun Xi'an Road Branch, is a capital-protected floating-income product with an expected annualized yield of 0.8% to 2.2% over a 32-day period, from October 24, 2025, to November 25, 2025.

The funds originate from the company's 2018 non-public offering, which raised a net total of $415.71 million. The cash management aims to enhance the efficiency of idle capital and boost returns for the company and shareholders, without compromising ongoing investment projects or the safety of the raised capital. The company emphasizes the low-risk nature of the structured deposit, ensuring overall risk remains controllable.

Rigorous risk control measures are in place, including product selection by the finance department, oversight by the chief financial officer, and approval by the chairman. A dedicated ledger will track these investments, with regular monitoring and analysis to identify and mitigate any potential risks. The audit department will conduct quarterly reviews, and any significant adverse developments will be promptly disclosed.