Xinye Co., Ltd. announced that the board of directors of the company previously reviewed and approved authorizing management to use no more than 300 million yuan of idle own funds to purchase bank structured deposits within 12 months, and the amount can be used on a rolling basis. Recently, the company signed a subscription letter with the Shanghai Hongqiao Business District Branch of the Bank of China to use 240 million yuan of idle capital to purchase the bank's capital protected floating income structured deposit. The product period is 91 days, and the expected annualized yield is 0.6000%/1.9000%. As of the announcement date, the total balance of bank structured deposits held by the company and its subsidiaries was RMB 240 million, which did not exceed the maximum investment limit of RMB 300 million.

Xinye Co., Ltd. announced that the board of directors of the company previously reviewed and approved authorizing management to use no more than 300 million yuan of idle own funds to purchase bank structured deposits within 12 months, and the amount can be used on a rolling basis. Recently, the company signed a subscription letter with the Shanghai Hongqiao Business District Branch of the Bank of China to use 240 million yuan of idle capital to purchase the bank's capital protected floating income structured deposit. The product period is 91 days, and the expected annualized yield is 0.6000%/1.9000%. As of the announcement date, the total balance of bank structured deposits held by the company and its subsidiaries was RMB 240 million, which did not exceed the maximum investment limit of RMB 300 million.