Shenglong Co., Ltd. announced that the company's initial public offering of shares raised a net capital of 1,569 billion yuan. Since fund-raising projects require phased investment, the funds raised will be idle in stages. In order to improve the efficiency of the use of funds, the company plans to use no more than 1 billion yuan of idle funds raised for cash management. The products must be structured deposits, large deposit slips, etc. with high security, good liquidity, and a term not exceeding 12 months, and must not be non-capital protected. The authorization period does not exceed 12 months from the date of review and approval by the board of directors, and can be used on a rolling basis within the quota. The matter has been reviewed and approved by the board of directors, and there is no objection from the sponsor.

Shenglong Co., Ltd. announced that the company's initial public offering of shares raised a net capital of 1,569 billion yuan. Since fund-raising projects require phased investment, the funds raised will be idle in stages. In order to improve the efficiency of the use of funds, the company plans to use no more than 1 billion yuan of idle funds raised for cash management. The products must be structured deposits, large deposit slips, etc. with high security, good liquidity, and a term not exceeding 12 months, and must not be non-capital protected. The authorization period does not exceed 12 months from the date of review and approval by the board of directors, and can be used on a rolling basis within the quota. The matter has been reviewed and approved by the board of directors, and there is no objection from the sponsor.