Sanhua Zhikong to invest CNY 2.8bn in financial products

Zhejiang Sanhua Intelligent Controls (SZSE:002050) announced that it will use no more than CNY 2.8 billion of its own idle funds to purchase financial products. Approved at the company's second extraordinary board meeting of the eighth session, the investment aims to increase the efficiency of capital use and improve returns. The company will invest in low-risk, liquid financial products offered by banks, securities firms, and other financial institutions, excluding investments outlined in the Shenzhen Stock Exchange's regulatory guidelines on securities and derivatives trading. The investment period will be valid for one year from the date of approval. The company will implement risk control measures and undergo regular audits to protect the investment.