Milkground redeems cash management products, yields RMB 613m in principal and profit

Shanghai Milkground Food Technology Co., Ltd. announced the redemption of its temporarily idle raised funds invested in various cash management products. The company's board of directors and supervisory board approved the cash management strategy on November 18, 2024. As of the disclosure date, Milkground has redeemed all the aforementioned products, realizing a combined principal and profit of RMB 613,095,800.

The investments included products from Industrial Bank Co., Ltd. and China Everbright Bank Co., Ltd. Among them, Industrial Bank's corporate financial RMB structured deposit products contributed significantly, with two tranches yielding 2.22% and 2.05% annualized returns, respectively, and generating actual profits of RMB 572.03 and RMB 92.67. Another Industrial Bank product provided RMB 89.30 in actual profit. SPD Bank's "Liduo Company Steady Profit 25JG8692" product matured with an annualized return of 1.90%, contributing RMB 51.67 in actual profit.

Additionally, China Everbright Bank's "2025 Pegged Exchange Rate Corporate Structured Deposit Customization Phase 10 Product 372" yielded an annualized return of 1.60%, generating RMB 3.91 in actual profit. As of this announcement, the company’s remaining balance of temporarily idle raised funds for cash management is RMB 1,218,000,000, remaining within the authorized limits and with no overdue amounts.