001269SZSE

Announcement on the Progress of Using Part of Idle Raised Funds for Cash Management

✨ AI Summary

The company is using RMB 22.95 million of its idle raised funds for cash management by investing in bank wealth management products. This initiative aims to improve fund utilization efficiency and achieve capital preservation and appreciation. The investment is part of a larger approved limit of RMB 330 million for cash management of idle raised funds. The company has implemented risk control measures and expects this to enhance shareholder returns without impacting ongoing projects.

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Full Translation

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Announcement on the Progress of Using Part of Idle Raised Funds for Cash Management

This company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

Key Information Highlights:

  • Type of Cash Management: Bank wealth management products
  • Investment Amount: RMB 22.95 million
  • Deliberation Procedures: Inner Mongolia OuJing Technology Co., Ltd. (hereinafter referred to as the "Company") held the 15th meeting of the Fourth Board of Directors on December 5, 2025, and the 2025 Third Extraordinary Shareholders' Meeting on December 22, 2025. Both meetings deliberated and approved the "Proposal on Using Part of Idle Raised Funds and Own Funds for Cash Management and Placing Funds in Negotiated Deposits." The proposal allows the Company and its subsidiaries to use a total of no more than RMB 330 million of temporarily idle raised funds and no more than RMB 400 million of temporarily idle own funds for cash management, provided that the construction of raised fund investment projects and normal operations are not affected. This approval is valid for 12 months from the date of approval by the 2025 Third Extraordinary Shareholders' Meeting, and within this limit and period, the funds can be used on a revolving basis. The Board of Supervisors and the sponsor have issued clear opinions of consent. For details, please refer to the "Announcement on Using Part of Idle Raised Funds and Own Funds for Cash Management and Placing Funds in Negotiated Deposits" (Announcement No.: 2025-094) and the "Resolution Announcement of the 2025 Third Extraordinary Shareholders' Meeting" (Announcement No.: 2025-099) disclosed on the Juchao Information Network (www.cninfo.com.cn).
  • Special Risk Warning: The wealth management products involved in the Company's use of idle raised funds for cash management are risk-controlled wealth management products issued by financial institutions. The investment returns may fluctuate due to macroeconomic influences.

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