On March 23, 2026, Gansu Energy Chemical Co., Ltd. (hereinafter referred to as "the Company") convened its 11th meeting of the board of directors, approving the proposal regarding the use of idle self-owned funds for cash management. This aims to further enhance the efficiency of fund utilization. The Company and its wholly-owned subsidiaries plan to use no more than 1 billion yuan for cash management, with the cash management period not exceeding 12 months. The current situation is as follows:
Cash Management Approach
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Cash Management Method This time, the Company and its wholly-owned subsidiaries will use idle self-owned funds for cash management, focusing on high safety and liquidity of low-risk investment products, including but not limited to bank financial products, certificates of deposit, and structured deposits.
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Cash Management Period The Company and its wholly-owned subsidiaries will use no more than 1 billion yuan for cash management, with the cash management period not exceeding 12 months. The cash management plan must be approved by the board of directors.
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Implementation Method The specific investment plan will be formulated based on the economic situation and market conditions, and the implementation will be carried out accordingly.
Impact on the Company
This time, the Company and its wholly-owned subsidiaries' use of idle self-owned funds for cash management is not expected to have a significant impact on the Company's operations. Currently, the Company and its subsidiaries have a sound internal control system, which can ensure the effective implementation of cash management.