Jifeng Auto Parts redeems structured deposit, receives principal and interest

Ningbo Jifeng Auto Parts Co., Ltd. announced the maturity and redemption of a cash management product purchased with idle raised funds. The company had approved the use of up to 350 million yuan in idle raised funds for cash management, investing in principal-protected wealth management products from banks, brokers, and trusts.

The specific product redeemed was a structured deposit from China Merchants Bank, Ningbo Beilun Branch, called "CMB Gold Series Upside Two-Layer Range 32-Day Structured Deposit". The company invested 2,800,000.00 yuan in this product, which had a 32-day term and an annualized return of 1.60%. Upon maturity, the company received the full principal amount of 2,800,000.00 yuan and an income of 3.93 yuan. The principal and interest have been returned to the company's fundraising account.