Citic Pacific Special Steel completes cash management redemption

Citic Pacific Special Steel Group announced that it has redeemed all cash management products utilizing idle raised funds, as approved in its board meeting on August 19, 2024. The initiative, allowing for up to CNY 100,000,000 for cash management, aimed to enhance fund efficiency without impacting normal operations or project investments. Key redemptions include a CNY 98,000,000 "Xin Yi +" combination deposit at China CITIC Bank, Jiangyin branch, generating a CNY 792,420 return, and a CNY 2,000,000 deposit at the Huangshi branch, earning CNY 17,500. Additional deposits totaling CNY 95,500,000 were redeemed with returns of CNY 277,880 and CNY 32,500. The company confirmed that all principal amounts have been fully recovered.