Macro Tech Co: Subsidiary manages cash with 100 million yuan of its own funds.
Hong Gong Technology announced that in May 2025, the board of directors approved the use of up to 300 million yuan of its own funds by the company and its subsidiaries for cash management. Recently, subsidiary Hunan Hong Gong Intelligence used 49 million yuan and 51 million yuan of its own funds on February 2nd and 3rd respectively to purchase RMB structured deposits from the Bank of China, with expected annualized returns of 0.5999% or 2.6790% and 0.6000% or 2.6793%, and maturity dates of May 7th and 9th respectively. As of the disclosure date of the announcement, the company and its subsidiaries have a total outstanding amount of 280 million yuan in deposits, which does not exceed the authorized limit.
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