Zhejiang RED DRAGONFLY redeemed 30 million yuan of idle fundraising financial products upon maturity, with earnings exceeding 130,000 yuan
Zhejiang RED DRAGONFLY Footwear Co., Ltd. announced that on June 13, 2025, the company used 30 million yuan of idle raised funds to purchase a wealth management product from "Bank of China Wenzhou Yongjia Oubei Branch," with a product term of 88 days. The product will mature on September 9, with an annualized yield of 1.83%, generating a return of 132,361.64 yuan, which meets expectations. The company received approval from the board of directors on April 27, 2025, and was approved by the shareholders' meeting on May 19 to invest no more than 210 million yuan of idle raised funds in low-risk products. Currently, the principal and interest of the product have been returned to the raised funds account
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