Youbo news: It plans to use no more than 750 million yuan to purchase short-term financial products and reverse repurchase agreements.

Yobu announcement, in order to improve the company's capital utilization efficiency, and without affecting normal production and operation, to reasonably utilize some idle funds for entrusted financial management, increase capital income, and obtain more investment returns for the company and shareholders, the company and its subsidiaries within the scope of the consolidated financial statements plan to use 750 million yuan of own funds to purchase wealth management products and national debt repurchase agreements. The funds can be used in a revolving manner within the limit, but the investment amount at any point in time shall not exceed the above investment limit.