Xinlitai: Intends to use no more than 2 billion yuan of idle funds for investment in financial products.

On March 20th, Xinlitai announced that the company plans to use its own idle funds of up to 2 billion yuan to purchase wealth management products. Within the aforementioned limit, the funds can be used in a rolling manner; the usage period of the related limit shall not exceed 12 months, and the transaction amount at any point within the period shall not exceed the entrusted wealth management limit.