Feilong Auto Components redeploys idle funds in cash management

Feilong Auto Components (SZSE:002536) announced it is redeploying temporarily idle raised funds into cash management products after a previous investment matured. The company, which initially approved the use of up to CNY 320 million in idle raised funds and CNY 300 million in its own funds for cash management in October 2024, confirmed that CNY 50 million previously invested by its subsidiary, Zhengzhou Feilong Auto Components, in a fixed deposit at Zhengzhou Bank had been fully redeemed. Following the redemption, Zhengzhou Feilong has reinvested CNY 50 million in a principal-protected product. The company emphasized that these cash management activities would not impact ongoing project construction or its normal operations.