ST RECLAIM CONSTRUCTION: 50 million of its own funds to purchase Bank Of Communications wealth management, multiple measures to control risks

On July 29, 2025, the board of directors of *ST Weihai agreed that the company and its subsidiaries would use no more than 400 million yuan of idle self-owned funds to entrust financial management, with a term of 12 months. Recently, the company used 50 million yuan of its own funds to purchase a 63-day structured deposit product from Bank Of Communications Yuntong Wealth, with an interest start date of October 16, 2025, and an expiration date of December 18. The type of return is principal-protected floating yield, with an expected annualized return rate of 0.65%-1.60%. Although the product is low-risk, it is still subject to risks such as returns not meeting expectations and early redemption defaults due to fluctuations in the financial market. The company will control risks through measures such as selecting targets and establishing a ledger for tracking. As of the announcement date, the amount of entrusted financial management that has not matured is 200 million yuan, and it has not exceeded the authorized range in the past 12 months