Huguang Corporation: Using 280 million yuan of idled raised funds for cash management.

Huguang Corporation announced that the company and its wholly-owned subsidiary, Kunshan Zexuan, temporarily idle 280 million yuan of raised funds for cash management. Among them, 130 million yuan was used to purchase Bank of Communications Yuntong Wealth regular structured deposits with a maturity of 346 days; 50 million yuan was used to purchase Bank of Communications Yuntong Wealth regular structured deposits with a maturity of 142 days; and 100 million yuan was used to purchase Ningbo Bank's large-denomination certificate of deposit. This matter has been approved by the board of directors, and the funds can be used in a rolling manner with a maximum term of 12 months. The products are capital guaranteed, but there are investment risks.