Quanchai Power announced that the company plans to use 50 million yuan of idle funds to purchase the “Tianlibao” structured deposit product from the Hefei branch of the Bank of Hangzhou for a period of 281 days, with an estimated annualized yield of 1.00/2.00/ 2.20%, and an estimated revenue of 38.4976.998.68 million yuan. The type of revenue is capital protected floating income. The matter was reviewed and approved by the 8th meeting of the 9th board of directors of the company, the 8th meeting of the 9th board of supervisors, and the 2024 annual shareholders' meeting. The company can use up to 1.5 billion yuan of idle capital for cash management on a rolling basis. Although the product is low-risk, earnings may be affected by market fluctuations, and the company will adopt a number of risk control measures.

Quanchai Power announced that the company plans to use 50 million yuan of idle funds to purchase the “Tianlibao” structured deposit product from the Hefei branch of the Bank of Hangzhou for a period of 281 days, with an estimated annualized yield of 1.00/2.00/ 2.20%, and an estimated revenue of 38.4976.998.68 million yuan. The type of revenue is capital protected floating income. The matter was reviewed and approved by the 8th meeting of the 9th board of directors of the company, the 8th meeting of the 9th board of supervisors, and the 2024 annual shareholders' meeting. The company can use up to 1.5 billion yuan of idle capital for cash management on a rolling basis. Although the product is low-risk, earnings may be affected by market fluctuations, and the company will adopt a number of risk control measures.