KPC: Plans to use RMB 2.5 billion of idle self-owned funds for investment and financial management

KPC announced that the company plans to use no more than 2.5 billion yuan of idle self-owned funds for investment and wealth management, with the investment type being medium to low-risk income-generating financial products. This matter has been reviewed and approved by the board of directors and the board of supervisors, and it still needs to be submitted for approval at the shareholders' meeting. The investment period is within one year from the date of approval by the shareholders' meeting, and the funds can be reused. The company's finance and operation management center will conduct risk, direction, and income assessments of financial products in strict accordance with the "Cash Management System of KPC" based on the authorization of the shareholders' meeting and the board of directors, and will establish a ledger to strengthen regular tracking and management, strictly controlling risks