ST Zhongli to invest up to RMB 1bn in cash management

Jiangsu Zhongli Group Co., Ltd. (*ST Zhongli, SZSE:002309) announced its intention to utilize idle funds of up to RMB 1 billion for cash management purposes. The decision, approved by the board of directors on March 20, 2025, aims to enhance the efficiency of fund utilization and increase investment income without affecting normal business operations or compromising fund security. The investments will be in high-liquidity, low-risk financial products, including bank structured deposits, with the specific counterparties being reputable financial institutions. The authorized period for these activities extends from the date of shareholder approval until December 31, 2025, and funds can be used on a rolling basis. The proposal is still subject to shareholder approval. The company will classify the investments as “trading financial assets” or “other current assets” in its financial statements.