Securities Code: 001219 Securities Abbreviation: Qingdao Food Announcement No.: 2026-018
Qingdao Food Co., Ltd.
Announcement on the Use of Part of Idle Self-owned Funds for Cash Management
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Qingdao Food Co., Ltd. (hereinafter referred to as "the Company") held the fifth meeting of the eleventh board of directors on April 16, 2026, and reviewed and approved the proposal on the use of part of idle self-owned funds for cash management. In order to improve the efficiency of fund utilization while ensuring that it does not affect the normal operation of the company and the safety of funds, the company and its subsidiaries plan to use no more than 70,000 million RMB of idle self-owned funds for cash management, specifically for purchasing low-risk investment and wealth management products with high safety and good liquidity.
The usage period for the purchase of wealth management products is from the date of approval by the annual shareholders' meeting in 2025 until the date of the annual shareholders' meeting in 2026. Within the above usage period and limit, the funds can be used in a rolling manner. The specific announcement is as follows:
I. Situation of Using Part of Idle Self-owned Funds for Cash Management
- Investment Purpose
Under the premise of ensuring that it does not affect the normal operation of the company and the safety of funds, the company and its subsidiaries plan to use part of the idle self-owned funds for cash management to improve fund utilization efficiency. - Cash Management Limit
The company and its subsidiaries plan to use no more than 70,000 million RMB of idle self-owned funds for cash management, of which no more than 50,000 million RMB will be used to purchase low-risk wealth management products issued by banks with high safety and good liquidity, and no more than 20,000 million RMB will be used to purchase medium-low risk wealth management products issued by financial institutions with high safety and good liquidity. These funds can be used in a rolling manner within the above usage period and limit.