Weichai Heavy Machinery plans to invest 250 million yuan in principal-protected structured deposit services to enhance returns on idle funds.

【Financial News Network】On March 25, Weichai Heavy Machinery Co., Ltd. (Securities code: 000880, Securities abbreviation: Weichai Heavy Machinery) issued an announcement stating that its ninth session of the fifth meeting of the board of directors examined and approved the “Proposal on the Company’s Carrying Out Structured Deposit Business.” The company agreed to use its own idle funds to carry out structured deposit business with a total额度 (limit) of no more than RMB 250 million. The额度 is valid for 12 months from the date the board approves it and can be reused.

The announcement shows that the main purpose of carrying out this structured deposit business is, on the premise of ensuring the safety of funds and not affecting the company’s normal operations and development, to improve the utilization efficiency of idle own funds and increase financial returns. The company clearly states that all structured deposits it invests in are deposit products with 100% principal protection and relatively high potential returns. For each individual business transaction, there is a deposit certificate as a proof for withdrawal upon maturity, and the investment term does not exceed 12 months.

In terms of risk control, Weichai Heavy Machinery said it will take multiple measures to ensure fund safety. First, it will strictly control operating procedures. All product terms must undergo rigorous argumentation and analysis as well as approval to ensure 100% principal protection and the availability of certain returns, and the investment额度 will not exceed the maximum limit approved by the board. Second, it will strengthen dynamic management of the funds plan. Under the premise of not affecting normal operations, it will rollingly use idle funds to carry out the business to ensure fund liquidity.

The company emphasized that using idle funds to carry out structured deposit business will not affect daily operations and fund safety, will help improve the efficiency of fund utilization, obtain certain investment returns, and further enhance the company’s overall performance level. According to relevant provisions such as the “Stock Listing Rules of the Shenzhen Stock Exchange,” this matter falls within the decision-making scope of the company’s board of directors and does not require submission to a general meeting of shareholders for deliberation, nor does it constitute a related-party transaction.

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