002364SZSE

Announcement on Using the Company's Idle Own Funds for Entrusted Wealth Management

✨ AI Summary

Hangzhou Hengdian Electric Co., Ltd. announces its plan to use idle own funds for entrusted wealth management, not exceeding RMB 800 million, to improve fund utilization and increase asset returns. The investment will focus on low-risk products like structured deposits and income notes. The board of directors has approved this, and the authorization is valid for one year.

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Full Translation

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Securities Code: 002364 Securities Abbreviation: Hengdian Electric Announcement No.: 2026-16 Hangzhou Hengdian Electric Co., Ltd. Announcement on Using the Company's Idle Own Funds for Entrusted Wealth Management

The Company and the entire board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Key Information Highlights:

  1. Investment Type: Low-risk, highly liquid, or relatively stable investment products, such as structured deposits, income notes, and other low-risk wealth management products.
  2. Investment Amount: Not exceeding RMB 800 million (or equivalent in other currencies, based on the actual exchange rate, hereinafter referred to as the same). Funds within this limit can be used on a revolving basis, and the scope of use includes the Company and its holding subsidiaries.
  3. Special Risk Warning: The investment products purchased by the Company may be affected by market interest rate fluctuations, liquidity risks, and other factors. Investors are kindly requested to pay attention to the risks.

I. Overview of Investment Situation

  1. Investment Purpose Hangzhou Hengdian Electric Co., Ltd. (hereinafter referred to as the "Company"), while ensuring the daily operating fund needs and capital security of the Company and its subsidiaries, will use temporarily idle own funds for entrusted wealth management. This can improve the efficiency of own fund utilization, increase asset returns, and maximize the benefits for the Company and shareholders.

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