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Rihe Technology: Announcement on Cash Management Using Portion of Temporarily Idle Raised Funds
Securities Daily Network News: On March 18, RiLian Technology announced that the company’s 17th meeting of the 4th Board of Directors approved a proposal to use no more than 300 million yuan of idle raised funds to purchase principal-protected financial products, structured deposits, and other products with a term of no more than 12 months. The chairman is authorized to operate within the limit on a rolling basis, prioritizing returns to fill funding gaps and liquidity needs. In the past 12 months, the company has rolled over 1.303 billion yuan in structured deposits and 28 million yuan in notice deposits, with an unrecovered principal of 291.3 million yuan. The maximum single-day investment was 985 million yuan.
(Edited by Cong Kexin)