Anhui Qiangbang New Materials Co., Ltd. (hereinafter referred to as "the Company" or "this Company") guarantees that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
On April 27, 2026, the Company held the tenth meeting of the second board of directors and on May 19, 2026, the annual shareholders' meeting for 2025, where it reviewed and approved the proposal on the use of part of the idle raised funds for cash management. The Company and its subsidiaries are authorized to use no more than RMB 220 million of temporarily idle raised funds for cash management, with a usage period of 12 months from the date of approval at the annual shareholders' meeting. Within the above limit and period, the funds can be used in a rolling manner. For specific details, please refer to the announcement titled "Announcement on the Use of Part of the Idle Raised Funds for Cash Management" (Announcement No.: 2026-014) disclosed by the Company on April 28, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).
Recently, the Company and its wholly-owned subsidiary, Shanghai Shenlong New Materials Technology Co., Ltd. (hereinafter referred to as "Shanghai Shenlong"), have used part of the idle raised funds to purchase the following wealth management products. The relevant matters are announced as follows:
1. Situation of Using Part of the Idle Raised Funds to Purchase Wealth Management Products
2. Approval Procedures
| No. | Company Name | Product Name | Trustee | Product Yield Type | Subscription Amount (10,000 RMB) | Product Start Date | Product Expiry Date | Expected Annualized Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | Company | Customer Structured Deposit Product CSDPY202600216 | Bank of China Guande Branch | Principal-protected floating yield | 4,400.00 | 2026-05-29 | 2026-08-31 | 0.5% or 1.55% |
| 2 | Shanghai Shenlong | Customer Structured Deposit Product CSDPY202600216 | Bank of China Guande Branch | Principal-protected floating yield | 4,200.00 | 2026-05-29 | 2026-08-31 | 0.5% or 1.55% |
- As of the date of this announcement, the total amount and term of the wealth management products purchased by the Company and its subsidiaries using idle raised funds have not exceeded the authorization range granted by the annual shareholders' meeting of 2025.
- The Company and its subsidiaries have no related party relationship with the Bank of China.