Milkground redeems mature cash management products, realizing strong returns

Shanghai Milkground Food Technology Co., Ltd. announced the redemption of its mature cash management products utilizing temporarily idle raised funds, as approved by the board of directors and supervisory board in November 2024. The company has successfully redeemed three structured deposits with Shanghai Pudong Development Bank, realizing a total of CNY 396,085,800 in principal and earnings.

Specifically, the "Milkground Company Stable 25JG3458 (Three-layer Bullish) RMB Public Structured Deposit" yielded CNY 317,900 on an initial investment of CNY 85,000,000, with an annualized return of 1.87%. The "Milkground Company Stable 25JG3701 (Three-layer Bullish) RMB Public Structured Deposit" and "Milkground Company Stable 25JG3680 (Three-layer Bullish) RMB Public Structured Deposit," with investments of CNY 210,000,000 and CNY 100,000,000 respectively, generated earnings of CNY 520,200 and CNY 247,700, both at an annualized return of 1.82%. All products matured on November 28, 2025.

As of the announcement date, the company's remaining balance in cash management products using temporarily idle raised funds is CNY 1,205,000,000. The company affirms that the single-day highest balance and usage period for cash management did not exceed the authorized limits, and there are no overdue unrecovered products.