002328SZSE

Announcement on Using Idle Own Funds for Wealth Management

Xinpeng Co., Ltd.·

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Shanghai New Peng Industrial Co., Ltd. announces its board of directors approved the use of idle own funds for wealth management. The company and its subsidiaries will purchase bank wealth management products totaling no more than RMB 600 million. This aims to improve fund utilization and increase investment returns while managing risks. The investment period is 12 months, and the decision does not require shareholder approval.

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Securities Code: 002328 Securities Abbreviation: New Peng Shares Announcement Number: 2026-010

Shanghai New Peng Industrial Co., Ltd. Announcement on Using Idle Own Funds for Wealth Management

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.

Shanghai New Peng Industrial Co., Ltd. (hereinafter referred to as the "Company") held the 16th meeting of the 6th Board of Directors on April 24, 2026. The meeting deliberated and approved the "Proposal on Using Idle Own Funds for Wealth Management," agreeing that the Company and its subsidiaries within the consolidated financial statements scope will use idle own funds to purchase bank wealth management products with a total amount not exceeding RMB 60,000 million.

In accordance with the "Equity Listing Rules of the Shenzhen Stock Exchange," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 7 - Transactions and Connected Transactions," and other relevant regulations, this wealth management matter does not involve connected transactions. This wealth management matter is within the scope of the Company's Board of Directors' approval authority and does not require submission to the Company's shareholders' meeting for deliberation. The relevant matters are hereby announced as follows:

I. Overview of Investment

  1. Investment Objective To improve the efficiency of fund utilization, and under the premise of controllable investment risks and ensuring no impact on the Company's normal production and operation, purchase low-risk or principal-protected bank wealth management products to increase investment returns.

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Announcement on Using Idle Own Funds for Wealth Management — Xinpeng Co., Ltd. | SZSE Releases