Wai Gaoqiao redeems idle funds from cash management

Shanghai Wai Gaoqiao Group Co. announced the redemption of idle raised funds invested in cash management products. On September 10 and 11, 2025, the company's subsidiary, Shanghai Wai Gaoqiao Free Trade Zone United Development Co., redeemed principal amounts of 3,621 million yuan and 3,479 million yuan, respectively, from structural deposit products with China Construction Bank Corporation. These redemptions yielded profits of 54,800 yuan and 228,200 yuan. The annualised return rates were 0.60% and 2.57%, respectively, for the periods ending December 11 and December 13, 2025.

The company's board of directors approved the use of up to 50,300 million yuan in idle raised funds for cash management on July 21, 2025. This allows for investments in highly secure, liquid principal-protected wealth management products or deposit products for 12 months, with the ability to roll over the funds within the validity period.

As of the latest report, the company's total investment quota for raised funds is 50,300 million yuan. Currently, 10,800 million yuan has been utilized, leaving 39,500 million yuan unutilized. There are no overdue unrecovered products from the company's cash management activities.