Milkground redeems cash management product, earns gains

Shanghai Milkground Food Tech announced today the successful redemption of a cash management product, generating a total of 100,895,800 yuan, inclusive of principal and investment income. This follows a decision on November 18, 2024, to utilize temporarily idle self-owned and raised funds for cash management.

The product, "2025 Year Linked Exchange Rate Corporate Structured Deposit Custom Sixth Phase Product 496," was purchased from China Everbright Bank Co. Ltd. Shanghai Branch on June 26, 2025. The investment, with a principal of 100,000,000 yuan, had an annualized return rate of 2.15%, resulting in an actual profit of 895,800 yuan upon its maturity and redemption on November 26, 2025.

As of the date of this announcement, the company's balance of temporarily idle raised funds used for cash management stands at 1,300,000,000 yuan. The company confirms that the highest daily balance and usage period for cash management with idle raised funds have not exceeded the authorization scope granted by the board of directors, and there are no overdue unrecovered products purchased with these funds.