1. Product name: Longying drummer exclusive No.5 (opening in three months)
2. Product type: non-guaranteed floating income
Recently, the company and its holding subsidiaries Jiangsu Shagang Group Huaigang Special Steel Co., Ltd. (hereinafter referred to as "Huaigang Company"), Jiangsu Li Huai Iron and Steel Co., Ltd. (hereinafter referred to as "Jiangsu Li Huai") and Jiangsu Huailong New Building Materials Co., Ltd. (hereinafter referred to as "Jiangsu Huailong") purchased financial products totaling 65,438+0,800,000 yuan. At the same time, the above-mentioned companies redeemed the expired wealth management products purchased in the previous period, totaling 65,438+0,660,000,000 yuan.
The company and its subsidiaries use idle funds of no more than 6.5 billion yuan for investment and wealth management, and the funds can be recycled within the above quota, and the term is valid for one year from the date of approval of the 2020 annual general meeting of shareholders.