Tianyi Shares continues cash management strategy

Sichuan Tianyi Comheart Telecom (SZSE:300504) announced it is continuing its strategy of using idle funds for cash management. Since April 24, 2024, the company and its subsidiaries have been authorized to invest up to 600 million yuan in low-risk financial products. As of the latest disclosure, the company has invested in various fixed-income products, including trust plans and bank wealth management offerings. The company has taken measures to mitigate investment risks, including close monitoring of market conditions and internal audits. The company is currently compliant with the usage of investment products, as approved by the board of directors. They have confirmed the current usage of investment products will not impact existing capital projects.