Xin Lang Cai Jing·2025-09-19 07:51Core Viewpoint - The board of Ocean King Lighting Technology Co., Ltd. has approved the use of up to 1 billion yuan of idle self-owned funds for cash management, indicating a strategic move to enhance financial performance while maintaining operational stability [1] Group 1: Cash Management Strategy - The company and its subsidiaries have recently purchased structured deposits from China Merchants Bank, with amounts ranging from 2 million to 16 million yuan [1] - The structured deposits have a maturity period of 91 days, starting from September 1, 2025, and ending on December 1, 2025, with an expected annualized yield of 1.00% to 1.95% [1] - The cash management initiative is designed to not affect daily operations and aims to improve overall performance [1] Group 2: Risk Management - The structured deposit product is characterized as a principal-protected floating income type, which carries various risks including principal and income, market, and policy risks [1] - The company has implemented multiple risk control measures to mitigate potential risks associated with this cash management strategy [1] - As of the announcement date, the cumulative unexpired balance over the past twelve months is 230 million yuan, which is within the authorized limit [1]