Longban Technology: The 400 million yuan idle raised funds to purchase financial products will be redeemed upon maturity.

Longpan Technology announced that the company previously used idle raised funds to purchase 400 million yuan worth of bank wealth management products. Among them, a 98 million yuan structured deposit with China Bank Company was redeemed on March 10th, earning 374,800 yuan; a 102 million yuan similar product was redeemed on March 12th, earning 102,200 yuan; a 50 million yuan stability product with Shanghai Pudong Development Bank's LIDODO company was redeemed on March 12th, earning 68,800 yuan; and a 150 million yuan seven-day notice deposit with Pudong Development Bank was redeemed on March 16th, earning 43,800 yuan. The company stated that the cash management will not affect the use of funds for investment projects, and can improve fund efficiency.