CanSino plans to invest 1 billion yuan of idle funds in low-risk cash management.

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【Finance Network News】Cansino Biologics Co., Ltd. (stock code: 688185, stock abbreviation: Cansino) released an announcement on March 31 stating that its board of directors has approved a proposal to use idle own funds for cash management. The company plans to invest up to a maximum of RMB 1 billion, for purchasing low-risk investment products with high safety, good liquidity, and principal-protection attributes, in order to improve the efficiency of fund utilization.

According to the announcement, the source of funds for this cash management at Cansino is the company’s temporarily idle own funds. The investment period is valid for within 12 months from the date the board of directors approves the proposal. The maximum balance per day will not exceed RMB 1 billion, and the funds can be used on a rolling basis within this额度. The investment types will be strictly limited to low-risk principal-protected products such as structured deposits, agreement deposits, notice deposits, term deposits, large certificates of deposit, government bond reverse repos, profit participation certificates, etc.

The company said that this cash management is intended to ensure the company’s daily operating liquidity needs while reasonably utilizing idle funds to increase returns, and there is no situation that would harm the company and shareholders’ interests. The announcement also particularly notes that although the investment products are low-risk, the financial market is significantly affected by macroeconomic conditions, and there is no guarantee that investment returns will meet expectations due to market volatility.

To control risk, Cansino will establish strict approval and execution procedures. Independent directors and the board audit committee will supervise and inspect the use of funds, and if necessary, professional institutions may be engaged to audit. At the same time, the company will adjust its investment strategy in a timely manner according to market changes and fulfill its information disclosure obligations in a timely manner in accordance with regulatory requirements.

With the implementation of this cash management plan, it is expected to have a positive impact on the company’s financial position. It will help improve the efficiency of fund utilization and create more investment returns for shareholders. Cansino emphasized that this matter will not affect the normal conduct of the company’s main business operations and the company’s operating capital needs.

This proposal was approved on March 30, 2026 by the 10th meeting of the third session of the board of directors, and does not require consideration by a shareholders’ meeting.

Click to view the full text of the announcement>>

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