Almaden redeems wealth products, reinvests idle capital for further gains

Changzhou Almaden Co., Ltd. has announced the redemption of various matured wealth management products, realizing a total profit of CNY 443,200. These investments were part of the company's strategy to manage idle proceeds from a capital raise, approved by its board of directors on September 15, 2025. The company invested up to CNY 30 million in high-security, liquid, capital-guaranteed structured deposits or wealth management products, with a maximum term of 12 months, allowing for rolling investments.

Following the successful redemptions, Changzhou Almaden is continuing its cash management strategy by investing a further CNY 20 million of idle proceeds. This investment, with China Minsheng Bank's Changzhou Xinbei Sub-branch, is in a capital-guaranteed floating-rate structured deposit with an expected annualized return between 1% and 1.45%. The product, with a term from October 14, 2025, to October 30, 2025, is still pending maturity.

The company emphasizes that this cash management approach ensures capital security and does not impact the progress of its investment projects or harm shareholder interests, while generating additional investment income.