Ninestar uses idle funds for CNY 100m investment

Zhuhai, April 15, 2025 – Ninestar Corporation (SZSE:002180) announced that it has invested CNY 100 million of its temporarily idle raised funds into a structured deposit product offered by China CITIC Bank. The product, named "Gong Ying Zhi Xin Exchange Rate Linked CNY Structured Deposit A01925", is a principal-protected, floating-rate investment with a potential return between 1.05% and 1.90%. The investment period is one month, from April 14, 2025, to May 16, 2025. This move is aimed at improving the efficiency of Ninestar's working capital, without impacting its primary business operations or the construction of its fund-raising projects. The company stated that it has implemented risk control measures to safeguard the investment, including monitoring the product's performance and engaging independent oversight. In the past twelve months, Ninestar also invested CNY 230 million in similar deposit product in April 2024, and two investments of CNY 100 million each in July and August 2024 and January 2025, with China CITIC Bank.