Nanjing XMC: Intends to use no more than 0.9 billion yuan of its own funds for cash management

On December 24th, Jinshi Data reported that Nanjing XMC announced that the company plans to use no more than 900 million yuan of its own idle funds to invest in low-risk wealth management products with a term not exceeding 12 months. The investment aims to improve the efficiency and return on the use of funds, and has been approved by the board of directors without the need for approval by the shareholders’ meeting. The investment period is valid within one year from the date of approval by the board of directors, and the investment amount can be used and rolled over within the effective period of the resolution. The company will strictly control risks and disclose relevant profit and loss situations in regular reports.