Ming Yang Smart Energy optimizes capital with new short-term deposit

Ming Yang Smart Energy Group Co., Ltd. announced its latest cash management activity, investing 480,000,000 yuan of idle public offering proceeds into a "China Construction Bank Guangdong Branch Corporate Renminbi Customized Structured Deposit" product. This structured deposit has a term of 25 days, starting from November 5, 2025, and maturing on November 30, 2025. The estimated annualized yield ranges from 0.65% to 2.0%, with an expected return of 213,700 yuan to 657,500 yuan. The investment aims to enhance the utilization efficiency of idle funds while ensuring capital security, without affecting the company's investment plans for the proceeds. The company states that the product is principal-protected with high safety and liquidity.

The company’s board of directors and supervisory board approved the use of idle proceeds for cash management on July 22, 2025, allowing for a maximum daily balance of 500,000,000 yuan over a 12-month period. This latest investment follows several similar actions. Prior redemptions include three separate 50,000,000 yuan investments in China Construction Bank structured deposits, yielding 61,040 yuan, 56,270 yuan, and 30,650 yuan respectively, all of which have been returned to the company's dedicated account for proceeds from public offering.

As of the disclosure date, the company's cumulative cash management activities using idle proceeds from public offering over the past twelve months amount to 198,000,000 yuan in total principal invested. The highest single-day investment over the past 12 months was 50,000,000 yuan. The total entrusted wealth management income over the past 12 months represents 0.43% of the previous year's net profit. The currently utilized wealth management amount is 48,000,000 yuan, leaving 2,000,000 yuan available under the approved total wealth management limit of 50,000,000 yuan.