Bethel Redeems 50 Million Yuan in Structured Deposits, Earns 216,600 Yuan in Returns; Cumulative Wealth Management Returns Reach 3.7666 Million Yuan Over the Past Year

[Finance News] Wuhu Bertley Automotive Safety Systems Co., Ltd. (Stock Code: 603596, Stock Abbreviation: Bertley) announced on March 18 that a structured deposit product previously purchased by the company has matured and been redeemed. The principal of 50 million yuan was fully recovered, and financial income of 216,600 yuan was earned.

The announcement states that the product is “Win-Win Zhixin Exchange Rate-Linked RMB Structured Deposit A24323 (C25A24323)” issued by China CITIC Bank Corporation Limited. It is a principal-protected floating yield bank financial product with an investment period from December 12, 2025, to March 15, 2026. The expected annualized return range is 1.0% to 1.7%. The redemption amount was 50 million yuan, which does not constitute a related-party transaction.

It is understood that Bertley approved the use of some idle raised funds for cash management at the ninth meeting of the fourth board of directors and the ninth meeting of the fourth board of supervisors held on July 30, 2025. The company agreed to use up to 1.3 billion yuan of idle raised funds for cash management without affecting the construction of fundraising projects and normal operations, with a term not exceeding 12 months. Within the above limits and the validity period of the resolution, the funds can be used cyclically.

As of the date of this announcement, the company’s recent twelve months’ cash management using idle raised funds is as follows:

The announcement also discloses that the maximum single-day investment amount in cash management of raised funds over the past 12 months was 1.3 billion yuan. Currently, the used cash management quota is 870 million yuan, with an unused quota of 430 million yuan. The total cash management quota for raised funds is 1.3 billion yuan.

Bertley states that the use of part of the idle raised funds for cash management is conducted under the premise of ensuring no impact on the construction of fundraising projects and normal operations. The purpose is to reasonably utilize idle funds, increase returns, and generate more investment income for the company and shareholders. After the maturity of the cash management, the funds will be returned to the dedicated raised funds account.

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