Aucksun Lithium recovers funds from cash management

Jiangsu Aucksun Lithium Group Co., Ltd. recently redeemed 50,000,000 yuan from a structured wealth management product with China Minsheng Bank Co., Ltd., Suzhou Branch. This transaction, executed on December 13, 2024, involved idle raised funds. The company received a principal of 50,000,000 yuan and a 14-day investment income of 27,800 yuan, bringing the cumulative income from this particular investment to 792,700 yuan. All funds have been deposited into the company's dedicated account for raised funds.

This cash management activity aligns with resolutions approved by the company's board of directors and shareholders. The resolutions, passed on July 19, 2024, and August 8, 2024, initially allowed the company and its subsidiaries to use up to 800,000,000 yuan of idle raised funds for cash management in highly secure and liquid principal-protected investment products. A subsequent resolution on July 30, 2025, and August 15, 2025, further authorized the use of up to 300,000,000 yuan for similar investments.

The purpose of these initiatives is to manage idle funds effectively without impacting the progress of investment projects or normal operations. The company aims to enhance returns on its unutilized capital through secure and low-risk financial products.