Top Group: Use 230 million yuan of idle funds raised for cash management.

Top Group announced that in order to improve the efficiency of fund utilization, the company will use the temporarily idle 230 million yuan of raised funds from the issuance of A shares to specific targets in 2022 for cash management. The company has purchased structured deposits from Ningbo Bank Beilun Branch, China Merchants Bank Ningbo Branch, and Hangzhou Bank Ningbo Beilun Branch, with terms of 180 days, 91 days, and 183 days, respectively, with expected annualized yields of 1.20% - 2.15%, 0.45% - 2.30%, and 1.15% - 2.30%. This entrusted wealth management will not affect the normal progress of the investment projects.