Securities Code: 002361 Securities Abbreviation: Shenjian Co. Announcement No.: 2026-013 Anhui Shenjian New Materials Co., Ltd. Announcement on Carrying Out Bill Pool Business The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions. Anhui Shenjian New Materials Co., Ltd. (hereinafter referred to as the "Company") held its second meeting of the seventh Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on Carrying Out Bill Pool Business." It was agreed that the Company and its consolidated subsidiaries (hereinafter referred to as the "Company and its subsidiaries") would carry out bill pool business with domestic commercial banks, with a total immediate balance not exceeding RMB 400 million. This matter still needs to be submitted to the shareholders' meeting for deliberation and approval. The announcement is as follows: I. Overview of Bill Pool Business
- Business Overview Bill pool business refers to a comprehensive bill management service provided by a partner bank to meet the needs of corporate clients for unified management and coordinated use of commercial bills held by them. This service includes bill custody and collection, bill pledge financing, bill discounting, and bill agency inquiry and business statistics.
- Partner Banks The Company and its holding subsidiaries may select domestic commercial banks with good creditworthiness as partner banks for the bill pool business based on the actual situation and specific cooperation conditions. The final selection will be determined based on the cooperative relationship between the Company and its subsidiaries and the commercial banks, as well as the bill pool business service capabilities of the commercial banks.
- Business Term The term for carrying out the bill pool business shall take effect from the date of deliberation and approval by the Company's shareholders' meeting of the current year and shall be valid until the date of the shareholders' meeting of the next year.
- Implementation Quota The Company and its subsidiaries will share a bill pool quota not exceeding RMB 400 million. This means that the total immediate balance of bills pledged or mortgaged with all partner banks for the bill pool business will not exceed RMB 400 million. This quota can be used on a rolling basis within the business term.
- Guarantee Method Under the premise of controllable risk, the Company and its subsidiaries may adopt methods such as maximum amount pledge, guarantee, general pledge, certificate of deposit pledge, bill pledge, and margin pledge for the establishment and use of the bill pool. The maximum guarantee amount for the bill pool shall not exceed RMB 400 million. II. Purpose of Carrying Out Bill Pool Business With the expansion of the Company and its subsidiaries' business scale, the number of customers settling payments with bills has been increasing in the process of collecting payments. Consequently, the Company has received a large number of bank acceptance bills. At the same time, the Company also mostly uses bank acceptance bills for settlement with suppliers.
- By carrying out bill pool business, the Company can deposit bills into the agreement bank, which will centrally manage and collect them on behalf of the Company, thereby reducing the Company's management costs for bank acceptance bills.
- The Company can use the existing bank acceptance bills in the bill pool that have not yet matured as collateral to obtain bank acceptance bills not exceeding the pledged amount. These bills can be used to pay for goods and services from suppliers, which helps reduce the occupation of monetary capital, improve the efficiency of current asset utilization, and maximize shareholder returns.
- Carrying out bill pool business can enable the Company to centrally manage its accounts receivable and accounts payable, reduce the occupation of company capital, optimize the financial structure, and improve capital utilization efficiency. III. Risks and Risk Control of Bill Pool Business
- Liquidity Risk When carrying out bill pool business, the Company needs to open a special margin account for bill pool pledge financing with the partner bank. This account will serve as the account for the proceeds from the collection of pledged bills under the bill pool upon maturity. The discrepancy in maturity dates between accounts receivable and accounts payable may cause the collected funds to enter the margin account applied for by the Company with the partner bank for issuing bank acceptance bills, which will have a certain impact on the Company's liquidity. Risk Control Measures: The Company can mitigate this impact by using newly received bills to replace the margin in the pool. The liquidity risk is controllable.
- Guarantee Risk When the Company pledges bills in the bill pool to apply for bank acceptance bills from the partner bank for paying suppliers or other operating expenses, as the pledged bills mature and are collected, if the bills cannot be collected normally upon maturity, the pledged guarantee amount may be insufficient, leading the partner bank to request additional guarantees from the Company. Risk Control Measures: After carrying out bill pool business with the partner bank, the Company will assign a dedicated person to liaise with the partner bank, establish a bill pool ledger, and track its management. This will ensure timely understanding of the collection status of maturing bills and arrangements for new bills to be deposited into the pool, thereby ensuring the safety and liquidity of the bills in the pool. IV. Decision-Making Procedures and Implementation
- This matter still needs to be submitted to the 2025 Annual General Meeting of Shareholders for deliberation and approval. Within the approved quota, the Company's General Manager will be authorized to exercise decision-making power for specific operations and sign relevant contract documents, including but not limited to selecting qualified commercial banks, determining the specific quota of bill pool that the Company and its holding subsidiaries can use, and the collateral and guarantee methods, amounts, etc.
- The Company's Finance Department will be authorized to organize and implement the bill pool business. The Finance Department will promptly analyze and track the progress of the bill pool business. If any adverse factors are discovered or judged, corresponding measures will be taken to control risks, and the Board of Directors will be reported immediately.
- The Audit Department will be responsible for auditing and supervising the implementation of the bill pool business.
- Independent Directors have the right to supervise and inspect the specific situation of the Company's bill pool business. V. Independent Directors' Special Meeting The Company's current operating condition is good, and its financial status is sound. By carrying out bill pool business, the Company can centrally manage its accounts receivable and accounts payable, reduce capital occupation, optimize its financial structure, and improve capital utilization efficiency. Therefore, we agree that the Company and its subsidiaries will share a bill pool quota not exceeding RMB 400 million, which is used for the pledge and mortgage of bills with domestic commercial banks, with a total immediate balance not exceeding RMB 400 million. This quota can be used on a rolling basis. We agree that the Board of Directors will submit this proposal to the shareholders' meeting for deliberation. VI. Documents for Reference
- Resolution of the Second Meeting of the Seventh Board of Directors;
- Resolution of the Independent Directors' Special Meeting. Hereby announced. Anhui Shenjian New Materials Co., Ltd. Board of Directors April 24, 2026