Hangzhou Hetai Electromechanical Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The Company held the seventh meeting of the second Board of Directors on April 21, 2025, and approved the proposal on the use of part of the idle self-owned funds and raised funds for cash management to improve the efficiency of fund utilization, increase company revenue, and protect shareholder interests. The Company and its subsidiaries plan to use no more than 550 million yuan (including principal) of idle self-owned funds and no more than 500 million yuan (including principal) of idle raised funds for cash management, with a usage period of 12 months from the date of approval by the Company's 2024 annual shareholders' meeting. During this effective period, the funds can be used in a rolling manner within the above limits.
The above proposal was approved at the annual shareholders' meeting held on May 12, 2025. For specific details, please refer to the announcements published by the Company on the Giant Tide Information Network (www.cninfo.com.cn) titled "Announcement on the Use of Part of the Idle Self-owned Funds and Raised Funds for Cash Management" (Announcement No. 2025-014) and "Announcement of Resolutions of the 2024 Annual Shareholders' Meeting" (Announcement No. 2025-022).
Recent Expiration of Idle Self-owned Funds and Raised Funds Cash Management
- Self-owned Funds
| Bank/Product Manager Name | Product Name | Product Type | Amount (10,000 yuan) | Start Date | Expiration Date | Reference Annual Yield | Actual Yield |
|---------------------------|--------------|---------------|----------------------|------------|-----------------|-----------------------|--------------|
| Hangzhou Bank Ningwei Micro Comprehensive Branch | Hangzhou Bank "Tianlibao" Structured Deposit Product (TLBB202522460) | Principal-protected floating income type | 1,500 | 2025/11/3 | 2025/11/29 | 0.65%/1.95%/2.15% | 20,800 |
| Unit Large Certificate of Deposit New Customer G16 Phase 3 Years | Fixed-rate type | 1,000 | 2024/6/14 | 2025/12/16 | 3.00% | 45,210 |
| Hangzhou Bank "Tianlibao" Structured Deposit Product (TLBB202525802) | Principal-protected floating income type | 1,500 | 2025/12/3 | 2025/12/31 | 0.45%/1.95%/2.15% | 22,400 |
| Bank of Communications Hangzhou Xiaoshan Branch | Large Certificate of Deposit G202300017 | Fixed-rate type | 2,000 | 2024/6/5 | 2026/1/12 | 3.10% | 99,370 |