China Science Publishing & Media continues cash management with idle funds

China Science Publishing & Media Co. Ltd. (CSPM) announced the redemption of a matured cash management product and its decision to continue engaging in cash management activities with part of its idle raised funds. The company redeemed a China CITIC Bank structured deposit product with a principal of RMB65,000,000, yielding a profit of RMB288,500. Both principal and returns have been returned to the raised funds account.

Following the redemption, CSPM will utilize RMB55,000,000 of its idle raised funds for continued cash management. This investment is in a China CITIC Bank corporate large-denomination certificate of deposit, offering a fixed annual yield of 3.25% over a 166-day term, from November 18, 2025, to April 23, 2026.

This decision aligns with the resolution passed at the company's 2024 annual general meeting on May 21, 2025, which authorized the use of up to RMB760,000,000 in idle raised funds for cash management. The objective is to enhance the efficiency of capital utilization and generate additional investment returns without impacting project progress or normal operations.