IMOTIONAUTOTECH has subscribed to a total of 35 financial products issued by Jianxin Wealth Management, involving a total of 584 million yuan
IMOTIONAUTOTECH announced that the company subscribed to 35 financial products issued by Jianxin Wealth Management from January 9, 2024 to August 1, 2024, with a total principal of 584 million yuan. These financial products are considered low-risk short-term deposits, with the highest balance not exceeding 249 million yuan. The current remaining principal is 124 million yuan, with some idle funds used for cash management. The subscription will not affect daily operations, helping to improve capital utilization efficiency and overall investment returns
According to the announcement from IMOTIONAUTOTECH (01274) on Zhitong Finance APP, during the period from January 9, 2024 to August 1, 2024, the company subscribed to 35 financial products issued by Jianxin Wealth Management, with a total principal amount of RMB 584 million. The highest balance of the financial products during the relevant period did not exceed RMB 249 million at any point in time. As of the date of this announcement, the remaining principal amount of the financial products is RMB 124 million.
The announcement stated that the various financial products are considered low-risk short-term deposits subscribed from reputable financial institutions. The subscription to financial products is based on the Group's financial policy and is carried out using surplus cash reserves. The company's use of idle funds for cash management is based on the premise of prioritizing the protection of the Group's normal operations and fund security. Subscribing to financial products will not affect the fund turnover for the Group's daily production and operation, and will comprehensively activate the company's idle funds, which is beneficial for improving the efficiency of using the company's idle funds and further enhancing the overall investment return level of the company
