Edifier deploys idle funds into wealth management products

Edifier Technology and its subsidiaries, including Beijing Edifier Technology and Dongguan Edifier Technology, have utilized a portion of their idle self-owned funds for entrusted wealth management. This follows approval by the company's sixth board of directors and the first extraordinary general meeting in 2025, authorizing up to 1.7 bn yuan for such investments. The authorization is valid for 12 months.

Recent investments include multiple fixed-income and floating-income products from various banks. Notable transactions include Beijing Edifier's investment of 2m yuan in a China Merchants Bank wealth management product with an expected annualized return of 2.29%, and 2m yuan in a Pudong Development Bank wealth management product yielding 2.14%. Edifier also invested 1m yuan in a Bank of Communications wealth management product with a 2.24% expected annualized return.

The company emphasizes these investments are designed to increase income and enhance overall company performance, without impacting core business operations. The board affirmed that these actions leverage abundant self-owned funds to improve capital utilization and shareholder returns.