Crystal Integrated: Intends to acquire a 240 million yuan large-denomination certificate of deposit product to be transferred by Hefei City Investment

On November 14th, Jinshi Data announced that in order to improve the efficiency of fund utilization and increase fund income, the company plans to acquire large-scale deposit products transferred by Hefei Investment and Construction with idle self-owned funds. The principal of the product is 240 million yuan. Hefei Investment and Construction is an enterprise controlled by the company’s controlling shareholder, Hefei Construction Investment. According to relevant regulations, Hefei Investment and Construction is an affiliated party of the company, and this transaction constitutes a related party transaction. The large-scale deposit products acquired from Hefei Investment and Construction are fixed income products and fall within the scope of cash management of idle self-owned funds approved by the company’s board of directors, which meets the company’s prudent financial requirements.

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