Suyan Jingshen: Plans to use no more than 1.2 billion yuan of idle raised funds for cash management

NightAirdropper · 2026-03-12T22:15:26+00:00

Suzhou Salt Well Shen announces plans to use no more than 1.2 billion yuan of idle raised funds for cash management, investing in principal-protected products with high safety and liquidity, with a term not exceeding 12 months. This will not affect the progress of fundraising projects or the company's operations.

NightAirdropper

2026-03-12 22:15:26

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Every Morning AI Express, March 10 — Suyuan Jing Shen announced that on March 10, 2026, the sixth board of directors will hold its eighth meeting to review and approve the proposal for cash management using idle raised funds. The company plans to use up to RMB 1.2 billion of idle raised funds for cash management. The source of funds is part of the temporarily idle raised funds from the 2025 issuance of shares to specific investors. The investment will focus on purchasing principal-protected products with high safety, good liquidity, and a maximum term of 12 months (including but not limited to structured deposits, fixed deposits, large-denomination certificates of deposit, negotiated deposits, etc.). The usage period will not exceed 12 months from the date of approval by this board. The funds can be reused within the approved limit and term in a rolling manner. This will not affect the progress of the raised funds’ investment projects or the company’s normal operations.

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