Summary by Futu AI
Qingdao Beer Co., Ltd. announced that it will use up to 6 billion RMB of idle self-owned funds from September 30, 2024 to September 29, 2025 to invest in structured deposit products. This investment aims to improve the efficiency of fund utilization and achieve capital preservation and appreciation. The company has obtained approval from the board of directors and the supervisory board and does not need to submit it to the shareholders' meeting for approval. The structured deposit product being invested in is low-risk, with a commitment to timely repayment of principal and floating returns. The company will implement strict risk control measures to ensure the safety of funds. In the past 12 months, the company has invested 3 billion RMB in structured deposits, recovering 500 million RMB in principal and 7.75 million RMB in returns, with 2.5 billion RMB in unpaid principal still outstanding.