Ruisheng Intelligent announced that the company and its wholly-owned and controlled subsidiaries may use idle own funds up to a limit of 250 million yuan for cash management. The matter has been approved by the board of directors and does not require submission to the shareholders' meeting. The effective period of this cash management is 12 months from the date of board approval, and funds within the limit can be recycled and reused on a rolling basis. Investment targets are limited to structured deposits, time deposits, large-denomination certificates of deposit, and other financial products with high safety and good liquidity. The company stated that the move aims to revitalize idle funds while ensuring daily operating capital needs, improve utilization efficiency, and increase returns, with multiple layers of risk control mechanisms already in place. The company cautioned that financial markets are affected by changes in the macro environment, and cash management may yield actual returns below expectations.
Zhejiang Risun Intelligent Technology Co. Ltd. ABoard approves up to 250 million yuan cash management to boost returns on idle funds.