Shang Gongshenbei: Progress in cash management, partial products redeemed upon maturity, remaining fundraising balance of 270 million.

Shanghai Gongshenbei Company announced that in April 2025, the board of directors agreed to manage temporarily idle raised funds not exceeding 500 million yuan and self-owned funds not exceeding 100 million yuan in cash. On March 12, 2026, the company redeemed a 100 million yuan Chinese Industrial and Commercial Bank interval cumulative RMB structured deposit product that had matured, with an annualized yield of 1.30% and actual earnings of 334,800 yuan. As of the disclosure date of the announcement, the balance of funds used by the company to purchase products was 270 million yuan, and there were no cases of overdue payment.