HONGYUAN invests HKD 36 million of idle raised funds into structured deposits at Hua Xia Bank

HONGYUAN announced that in order to improve the efficiency of fund utilization, the company will use RMB 36 million of idle raised funds to purchase "RMB Unit Structured Deposit 2510877" from Hua Xia Bank Baotou Branch, with a term of 85 days and an expected annualized yield of 0.65%-2.10%. The same type of product purchased from the same bank on March 3 has matured, recovering the principal of RMB 36 million and earning a profit of RMB 439,800. The shareholders' meeting on May 20, 2025, has approved the company's use of no more than RMB 380 million of idle raised funds for cash management. Although the product guarantees the principal, the returns are still affected by market fluctuations, and the company has established risk control measures. This investment will not affect the fundraising projects and will have no significant impact on finances