Wangfujing Group deploys idle funds into cash management products

Wangfujing Group Co., Ltd. is utilizing 850 million yuan of temporarily idle raised funds for cash management, comprising 590 million yuan in structured deposits and 260 million yuan in large-denomination certificates of deposit. These investments, with terms ranging from 122 to 150 days for structured deposits and 6 to 9 months for large-denomination certificates of deposit, are projected to yield annual returns between 0.6% and 2.21%. The company emphasizes that these are principal-protected products, aiming to preserve and increase cash assets.

The decision was approved by the company's board of directors on December 3, 2025, allowing for the use of up to 1.52 billion yuan (inclusive) of idle funds for cash management over a period not exceeding 12 months. This strategy is in line with the company's commitment to maximizing capital utilization and safeguarding shareholder interests, without impacting ongoing investment projects.

As of September 30, 2025, Wangfujing Group reported a lower asset-liability ratio of 49.37%, indicating a sound financial position. The company states that the cash management activities will not significantly affect its main business operations, financial status, operating results, or cash flow. The total investment quota for raised funds is 1.52 billion yuan, with 850 million yuan currently in use and 670 million yuan remaining available.