Securities Code: 002299 Securities Abbreviation: Shengnong Development Announcement Number: 2026-013
Fujian Shengnong Development Co., Ltd. Announcement on Using Idle Own Funds to Purchase Wealth Management Products
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Fujian Shengnong Development Co., Ltd. (hereinafter referred to as the "Company") held the 20th meeting of the 7th Board of Directors on April 10, 2026, and deliberated and passed the "Proposal on Using Idle Own Funds to Purchase Wealth Management Products." It was agreed that the Company and its subsidiaries, while ensuring fund liquidity and safety, would use no more than RMB 3 billion to purchase low-risk wealth management products such as bank wealth management products, structured deposits, and reverse repurchase agreements. The balance at any point in time shall not exceed RMB 3 billion, and the amount can be used repeatedly within the limit.
The above matter still needs to be submitted for deliberation by the Company's shareholders' meeting. The Company has no relationship with the entrusted party, and this matter does not constitute a related party transaction.
I. Details of Using Idle Own Funds to Purchase Wealth Management Products
- Investment Objective: In accordance with the Company's development strategy, and without affecting the Company's normal operations and controllable investment risks, a portion of the Company's idle own funds will be used for entrusted wealth management to improve the return rate of the Company's idle own funds and create greater returns for the Company.