Shanghai Rockhill Technology continues wealth management strategy with idle funds

Shanghai Rockhill Technology Co., Ltd. has announced new investments in wealth management products, utilizing up to RMB6 billion in idle self-owned funds following approvals from its board, supervisory board, and the 2024 Annual General Meeting. These investments, with a 12-month rolling validity from the AGM approval date, aim to generate returns from high-safety, high-liquidity financial instruments.

Recently, the company's purchases include RMB27,239.49 million in open-ended ETF funds, RMB29,935.32 million in reverse repurchase agreements with an expected annual yield of 1.49%-1.8%, and RMB10,000.00 million in structured deposits. Total new investments detailed in the announcement amount to RMB100,289.56 million. The company emphasizes that these investments will not impact normal business operations or capital turnover.

The total value of wealth management products held by the company and its subsidiaries over the past twelve months, including previous disclosures, reached RMB302,701.73 million. Management will continue to monitor the performance of these products and implement risk control measures, while independent directors will oversee the fund utilization to ensure proper governance.