Announcement on the Use of Self-owned Funds for Cash Management
Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The seventh meeting of the seventh Board of Directors of Huaming Power Equipment Co., Ltd. reviewed and approved the proposal on the use of self-owned funds for cash management, agreeing that the Company (including wholly-owned subsidiaries and holding subsidiaries) may use a maximum total of RMB 1.5 billion of its own funds at any point in time to purchase investment products issued by banks, securities firms, and other financial institutions that are high in safety, low in risk, and have a maturity of no more than 12 months (including but not limited to structured deposits, fixed income certificates, and stable financial products). The aforementioned limit and duration may be rolled over. The chairman of the Company is authorized to specifically handle the implementation of related matters, with the authorization period effective for 12 months from the date of approval by the shareholders' meeting. The specific situation is announced as follows: