Fibocom to invest idle funds in wealth management products

Fibocom Wireless’s board of directors approved the use of up to 360 million yuan of the company's own idle funds for wealth management. This initiative, also deliberated by the strategic and investment committee, aims to enhance capital utilization and increase returns for the company and its shareholders without impacting normal operations. The board’s resolution received unanimous approval.

The investment period for these funds will run from November 17, 2025, to November 16, 2026, allowing for rolling utilization within this timeframe and approved amount. The chairman is authorized to make investment decisions and sign relevant documents. The funds will be allocated to low-risk, highly liquid, and principal-protected financial products, including structured deposits, large-denomination certificates of deposit, broker-managed products, and money market funds.

The company states these funds will not be used for other equity investments, nor will they involve the purchase of stocks, derivatives, or unsecured bonds. The company will continuously monitor the investments and their impact on market fluctuations, noting that actual returns are not guaranteed.