Aucksun reinvests idle funds into new wealth product after redemption

Jiangsu Aucksun Group Co., Ltd. announced its latest cash management moves, purchasing a new structured deposit product from Ningbo Bank Co., Ltd. on September 24, 2025. This 90-day capital-protected floating income product, with an expected annualized yield of 1.00%-2.00%, was an investment of CNY 70,000,000 sourced from idle raised funds.

This investment follows the redemption of a previous wealth management product. The company had invested CNY 70,000,000 in a structured wealth management product from Ningbo Bank Co., Ltd. on June 20, 2025. Upon its recent maturity, the company successfully recovered the principal of CNY 70,000,000 and earned investment income of CNY 349,000, both deposited into its dedicated fundraising account.

As of this purchase, the company's total balance of raised funds used for wealth management products amounts to CNY 150,000,000. Additionally, CNY 60,000,000 is held in time deposits for cash management. This aligns with the company's resolution to manage up to CNY 300,000,000 of idle raised funds to enhance capital efficiency.