SINOCARE Medical: Plans to use up to 18 billion yuan of idle funds for entrusted wealth management.

Yingke Medical announced on May 8 that the company and its subsidiaries plan to use a total of up to 18 billion yuan of idle own funds for entrusted wealth management. The company plans to mainly invest in financial products with lower risks and more stable returns. Entrusted wealth management refers to the act of entrusting professional financial institutions such as banks, securities, and funds to invest and manage assets or purchase related wealth management products, including but not limited to principal-guaranteed notes, bank wealth management products, securities wealth management products, fixed income products, etc.