Announcement on the Use of Self-owned Funds for Cash Management
Special Reminder:
- High safety, low risk, and good liquidity financial products, including but not limited to transferable large-denomination certificates of deposit, structured deposits, and reverse repos of government bonds. The company will hold each financial product for no more than 12 months.
- Investment Amount: Up to RMB 1 billion of temporarily idle self-owned funds will be used for cash management.
- The financial products for cash management are low-risk investments; however, fluctuations may occur due to changes in macro policies and relevant laws and regulations. The company will take timely measures to control related risks if any factors affecting fund safety are identified. Investors are advised to pay attention to investment risks.
On February 27, 2026, Shenzhen Walden Materials Co., Ltd. (hereinafter referred to as "the Company") held the fourth meeting of the eighth board of directors, which approved the proposal on the use of self-owned funds for cash management with 9 votes in favor, 0 against, and 0 abstentions. The board agreed that the company and its holding subsidiaries could use a maximum amount of up to RMB 1 billion of temporarily idle self-owned funds (which can be recycled within this limit) to purchase financial products issued by banks and other financial institutions that have high safety, low risk, and good liquidity (including but not limited to transferable large-denomination certificates of deposit, structured deposits, and reverse repos of government bonds). The management is authorized to finalize and sign relevant implementation agreements or contracts, and the company's finance center will handle specific matters. This cash management authorization is valid for 12 months from the date of board approval. This matter falls within the decision-making authority of the board of directors and does not require submission to the shareholders' meeting for deliberation. The specific situation is announced as follows: