Ming Xinxu Teng: 80 million yuan of financial management has come to maturity and will be redeemed, then an additional 40 million yuan will be invested in cash management.

date
18/11/2025
Mingxin Xuteng announced that on November 17, 2025, the company will retrieve 80 million yuan of the principal portion of the raised funds from the cash management product, yielding 932,600 yuan in returns. The principal and interest have been returned to the raised fund account. The company plans to continue using 40 million yuan of the idle raised funds to purchase Bank of China's structured deposit product for customers [CSDVY202514196], with a term of 60 days and an expected annual yield of 0.60% or 1.85%. The product is a principal-protected floating income type. As of the date of the announcement, the company's temporary idle raised funds for cash management total 125 million yuan.