Xinli Pharma: Proposes to Use No More Than RMB 2 Billion of Idle Self-owned Funds to Purchase Wealth Management Products

NightAirdropper · 2026-03-22T21:36:51+00:00

Xinlitai announced that it will use no more than 2 billion yuan in idle self-owned funds to invest in financial products, aiming to improve capital utilization efficiency. The relevant funds can be used on a rolling basis, with an investment period not exceeding 12 months. The board of directors has authorized management to implement specific matters.

NightAirdropper

2026-03-22 21:36:51

Abstract generation in progress

Mingji AI Express: Xinli Tai (SZ 002294, closing price: 58.1 yuan) announced on the evening of March 20 that to improve the efficiency of using its own funds and reasonably utilize idle funds, Shenzhen Xinli Tai Pharmaceutical Co., Ltd. held the 17th meeting of the sixth board of directors on March 19, 2026, which approved the proposal for using idle funds to invest in financial products. The company agreed to purchase financial products from professional financial institutions based on the status of its idle funds and investment plans, provided that normal operations, R&D, production, and construction needs are met. The investment amount in financial products shall not exceed 2 billion yuan, and this quota can be used jointly by the company and its subsidiaries included in the consolidated financial statements, with a rolling period not exceeding 12 months. During this period, transaction amounts at any point should not exceed the entrusted financial management quota. The board authorized the company’s management to implement related matters, with the authorization valid for one year from the date of approval by this board.

The company plans to use no more than 2 billion yuan of its idle funds to purchase financial products. Within this limit, funds can be used on a rolling basis; the usage period for the relevant quota shall not exceed 12 months, and transaction amounts at any point within this period should not exceed the entrusted financial management quota.

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(Reporter Zhang Mingshuang)

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