New World: Plan to use unused funds of no more than 850 million yuan to buy financial products or make deposits.

date
21/11/2025
The announcement from New World stated that the net proceeds from the company's non-public offering of shares in 2016 amounted to RMB 1.304 billion, originally intended for investment in projects such as the expansion of the health industry. In 2022, there was a change in some projects, with RMB 678 million allocated for the construction of a traditional Chinese medicine decoction piece production base project, and RMB 328 million for permanent supplementary working capital. Prior to this, the company had used idle funds from the offering to purchase wealth management products or structured deposits, with a total purchase amount of RMB 575 million as of September 30, 2025. The company now plans to continue using up to RMB 850 million of idle offering funds to purchase related products, with funds within the limit available for rolling use, and the authorization period is one year.