Kingdomway to invest up to CNY700m in cash management

Xiamen Kingdomway Group announced on September 11, 2025, that its board approved using up to CNY700 million of idle raised funds for cash management. The initiative aims to increase capital efficiency without affecting investment project progress or daily operations. The approved cash management period is 12 months from board approval, with funds able to roll over within the limit.

The company's raised funds, totaling CNY1,281,258,700, were fully received by August 26, 2025, after issuing 12,923,948 convertible bonds at CNY100 each. As of September 8, 2025, the company had used CNY8,849,700 of the raised funds, leaving a balance of CNY1,283,545,100. The funds will be invested in highly secure, liquid, and low-risk wealth management products, such as bank structured deposits and large-denomination certificates of deposit, with maturities not exceeding 12 months.

The move is expected to generate additional income, which will primarily cover any shortfalls in investment project funding or the company's operational needs. This strategy aligns with regulatory guidelines and intends to maximize shareholder benefits while ensuring capital safety.