Pingtan Development (000592.SZ) plans to use idle self-owned funds of not more than 500 million yuan to purchase financial products.

Zhtng Cijng APP News, Pingtan Development (000592.SZ) issued an announcement, in order to improve the efficiency of fund utilization, reasonably use its own funds to invest in short-term financial products using the idle funds of the company and its holding subsidiaries to increase fund utilization efficiency and increase income while ensuring daily operations, fund liquidity, and security. It plans to temporarily invest its idle funds in safe and liquid financial products issued by banks, securities companies, and other financial institutions, with a maximum investment amount not exceeding RMB 500 million (including principal), and the funds within the above-mentioned limit can be used in a rolling manner.