Securities Code: 002300 Securities Abbreviation: Taiyang Cable Announcement No.: 2026-018 Fujian Nanping Taiyang Cable Co., Ltd. Announcement on the Company's Use of Own Funds for Cash Management The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions. Fujian Nanping Taiyang Cable Co., Ltd. (hereinafter referred to as the "Company," including its wholly-owned and controlled subsidiaries, the same below) aims to improve fund utilization, reasonably utilize idle self-owned funds, and increase investment returns and shareholder returns. The Company plans to use a maximum balance of RMB 200 million of temporarily idle self-owned funds for cash management. The specific situation is announced as follows: I. Basic Situation of Using Part of Idle Self-Owned Funds for Cash Management
- Purpose of Cash Management To improve fund utilization, and under the premise of ensuring the Company's daily operations and project construction fund needs, the Company plans to use temporarily idle self-owned funds for cash management, increase company returns, better achieve the preservation and appreciation of company funds, and protect the interests of the Company's shareholders.
- Investment Products The Company will invest in wealth management products issued by financial institutions such as commercial banks, which are characterized by high security, good liquidity, and controllable risks, without affecting normal operations and fund security. The investment products include, but are not limited to, structured deposits, large-denomination certificates of deposit, fixed-income certificates, and low-risk rated wealth management products. The term of the investment products shall not exceed 12 months.
- Investment Amount The maximum total amount to be used shall not exceed RMB 200 million. Funds can be used in a revolving manner within the approved amount.
- Investment Term The above investment amount is valid for 12 months from the date of approval by the Board of Directors.
- Implementation Method Within the approved amount, the Company's Board of Directors authorizes the Chairman to make investment decisions and sign relevant contracts and documents based on actual needs. The Company's finance department will be responsible for organizing the implementation and management.
- Source of Funds The Company and its subsidiaries will use their own idle funds for cash management, provided that the liquidity needs for daily operations are ensured. II. Deliberation Procedures The Company held the fifth meeting of the eleventh Board of Directors on April 8, 2026, which reviewed and approved the "Proposal on the Company's Use of Own Funds for Cash Management." The Company's Board of Directors authorizes the Company's management to exercise investment decision-making power and sign relevant agreements and contracts within the approved amount. In accordance with the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange" and other relevant regulations, this matter is within the scope of the Board of Directors' authority and does not require submission to the shareholders' meeting for deliberation. III. Investment Risks and Risk Control Measures (I) Investment Risks The products purchased by the Company for cash management are all low-risk investment products. The Company will conduct strict evaluations before implementation. However, the wealth management products invested in may be subject to common risks such as policy risk, credit risk, and market risk. The Company will adjust its investment scale and timing based on changes in the economic situation. (II) Risk Control Measures
- Each investment matter of the Company shall be authorized by the Board of Directors to the Chairman to exercise the investment decision-making power and sign relevant contracts, agreements, and other legal documents. The Company's Chief Financial Officer will be responsible for the specific implementation, and the fund payment procedures must strictly follow the Company's relevant approval processes.
- The Company will strictly adhere to the "Fujian Nanping Taiyang Cable Co., Ltd. Cash Management System" and other relevant regulations, invest prudently, and strictly screen investment targets, selecting products with high security and good liquidity for investment.
- The Company's finance department will promptly analyze and track the fund's investment direction and progress, and analyze and track the net value changes of the products in real-time. If risk factors that may affect the Company's fund security are identified, corresponding measures will be taken promptly to control investment risks.
- The Company's internal audit and supervision department will be responsible for auditing and supervising the use and custody of funds, conduct special inspections on all cash management product projects regularly, and report to the Company's Board of Directors' Audit Committee.
- The Board of Directors shall supervise the use of investment funds, and the Company's independent directors have the right to supervise and inspect the use of funds. Audits may be commissioned to professional institutions if necessary.
- The Company will fulfill its information disclosure obligations in a timely manner in accordance with the relevant regulations of the Shenzhen Stock Exchange. IV. Impact on the Company's Daily Operations Provided that the Company's normal operating fund needs and fund security are ensured, the reasonable utilization of part of the idle self-owned funds to purchase wealth management products will not affect the Company's daily operating fund needs and the normal development of its main business. The returns from wealth management products are generally higher than demand deposits and time deposits, which is conducive to improving the Company's fund utilization efficiency and seeking greater investment returns for the Company and its shareholders. V. Documents for Reference Resolution of the Fifth Meeting of the Eleventh Board of Directors. Hereby announced. Fujian Nanping Taiyang Cable Co., Ltd. Board of Directors 2026 April 10