NARI Technology re-invests 1.24 bn yuan in cash management products

NARI Technology Co., Ltd. and its project subsidiaries recently recovered 1.5 bn yuan from matured cash management products, generating 5.5701 million yuan in income. The company is now re-investing 1.24 bn yuan of its idle raised funds into new cash management products. These investments include structured deposits with China Citic Bank, China Merchants Bank, and Bank of Communications, with product maturities of 62 days.

The current cash management strategies involve various structured deposits, including those linked to exchange rates and gold prices, aiming to maximize returns on idle capital while ensuring capital safety. The company's total outstanding cash management products amount to 1.24 bn yuan as of the announcement date, all with maturities not exceeding 12 months.

The board of directors approved the use of up to 1.5 bn yuan for cash management of idle funds. These investments are intended to boost capital efficiency without hindering project development or core operations, aligning with the company's financial goals and overall shareholder interests.