*ST Jingfeng plans to invest no more than 1.65 billion yuan in bank structured deposits to enhance returns on idle funds

MaticHoleFiller · 2026-03-26T23:52:58+00:00

Hunan Jingfeng Pharmaceutical Co., Ltd. plans to use no more than 1.65 billion yuan of idle proprietary funds to purchase high-security bank structured deposits to improve capital utilization efficiency and overall returns. This proposal has been approved by the board of directors and is pending shareholder approval. The company emphasizes that measures will be taken to control investment risks and ensure the normal operation of its main business.

MaticHoleFiller

2026-03-26 23:52:58

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Hunan Jingfeng Pharmaceutical Co., Ltd. (Stock Code: 000908, Stock Abbreviation: *ST Jingfeng) announced on March 18, 2026, that the company and its subsidiaries plan to use no more than 1.65 billion yuan of idle proprietary funds to purchase structured bank deposits to improve capital utilization and increase overall returns. The proposal has been approved by the 46th meeting of the 8th Board of Directors and is subject to review at the company’s first extraordinary general meeting in 2026.

The announcement states that the funds for this investment come from the company’s and its subsidiaries’ idle proprietary funds and do not involve the use of raised funds or bank credit. The investment products will be high-security, low-risk structured bank deposits, with a validity period of 12 months from the date of approval by the shareholders’ meeting. Funds within the approved limit can be rolled over, and the total amount invested at any time (including reinvested investment income) will not exceed 1.65 billion yuan.

The company states that this investment aims to reasonably utilize idle funds without affecting normal operations, thereby generating more investment returns for the company and shareholders. Proper allocation of structured bank deposits can effectively improve the efficiency of idle capital, aligning with the interests of the company and all shareholders.

Investment Highlights
Specific Content
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Investment Amount
No more than 1.65 billion yuan (including 1.65 billion yuan), with funds within the limit being rollable
Investment Type
High-security, low-risk structured bank deposit products
Source of Funds
Idle proprietary funds of the company and its subsidiaries, not involving raised funds or bank loans
Investment Period
Valid within 12 months from the date of approval by the shareholders’ meeting
Implementation Method
Authorized management to make investment decisions within the limit and period; the finance department responsible for specific organization and implementation
Review Procedure
Approved by the Board of Directors, pending submission to the 2026 first extraordinary general meeting for approval

Regarding investment risks, *ST Jingfeng points out that although the purchased products are high-security, low-risk structured bank deposits, they may still be affected by policies, market conditions, liquidity, credit, and other factors, which could lead to actual returns falling short of expectations. To mitigate risks, the company will adopt multiple measures, including improving internal control systems, standardizing approval and execution processes, establishing special accounts to track investment progress, routine supervision by the internal audit department, and independent director oversight, while timely fulfilling information disclosure obligations.

This use of idle proprietary funds to purchase structured deposits is an important measure for *ST Jingfeng to optimize capital allocation while ensuring normal operations of its main business. Market analysis suggests that this move will help the company enhance returns on idle funds under risk control, which is beneficial for improving company performance.

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