Jiangsu Lishui Lithium Core 70 million idling funds raised to buy financial management, multiple measures to control risks.

On July 30 and August 15, 2025, Jiangsu Blue Lithium Battery Group Co., Ltd. approved a proposal to use up to 300 million yuan of idle raised funds for cash management. Recently, the company's 70 million yuan maturity financial product was redeemed on schedule, recovering the principal and earning 349,000 yuan, which has been deposited into a special account. The company also used 70 million yuan of idle raised funds to purchase a 90-day principal-guaranteed floating income structured financial product from Ningbo Bank, with an expected annualized return of 1.00%-2.00%. Although the chosen product is low-risk, the actual returns are uncertain due to macroeconomic factors. The company plans to implement risk control measures in terms of financial tracking, audit supervision, and others. This move is expected to improve the efficiency of fund utilization and enhance performance, as the company had a balance of 150 million yuan in financial products purchased with raised funds before the purchase.