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Yifeng Pharmacy: Plans to use up to 300 million yuan of idle raised funds for cash management
Yifeng Pharmacy announced on March 3rd that on April 15, 2025, the fifth session of the Board of Directors will hold its fifteenth meeting to review and approve the proposal regarding the use of some idle raised funds for entrusted wealth management. The company agrees to use a maximum of up to 300 million yuan (i.e., no more than 300 million yuan) of idle raised funds for cash management. The investment will focus on high-security, highly liquid, principal-protected floating yield RMB structured deposits and other financial products. This authorization is valid for 12 months from the date of board approval, and funds within the limit can be rolled over as needed. This matter will not affect the progress of the raised funds’ investment projects or the company’s normal production and operations.
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