Milkground redeems cash management product, gains $1.43m

Shanghai Milkground Food Technology Co., Ltd. announced the redemption of a cash management product, the "Liduo Company Stable Yield 25JG8553 Phase (Three-Tier Bullish) RMB Public Structured Deposit." The product, purchased from Shanghai Pudong Development Bank's Shanghai Free Trade Zone New Area Branch with a principal of 30,000万元, was acquired on September 3, 2025, and matured on December 3, 2025.

Upon redemption, the company received a total of 30,142.50万元, comprising the principal and an actual yield of 142.50万元, representing an annualized yield of 1.90%. As of the announcement date, Milkground's balance of temporarily idle raised funds used for cash management stands at 120,500万元.

The company confirmed that the daily maximum balance and usage period for cash management with idle raised funds have not exceeded the authorization granted by its board of directors. Furthermore, there are no overdue unrecovered products purchased with these funds. The initial decision to use idle funds for cash management was approved by the Twelfth Board of Directors' First Meeting and the Twelfth Supervisory Board's First Meeting on November 18, 2024.