Announcement on Using Idle Own Funds for Entrusted Wealth Management
Company Code: 002385 Company Abbreviation: Da Bei Nong Announcement No.: 2026-037
Beijing Da Bei Nong Technology Group Co., Ltd.
Announcement on Using Idle Own Funds for Entrusted Wealth Management
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Important Notes:
- Investment Type: Wealth management products with low-to-medium risk, good liquidity, and high security.
- Investment Amount: Not exceeding RMB 2 billion. Funds can be used on a revolving basis within this limit.
- Special Risk Warning: Although the wealth management products to be invested in are controllable in risk, the financial market is significantly affected by the macro economy. It is not excluded that this investment may be affected by market fluctuations. The Company will intervene in a timely and appropriate manner based on economic conditions and changes in the financial market, and therefore the actual investment returns are unpredictable.
I. Overview of Investment and Wealth Management
- Investment Purpose As Beijing Da Bei Nong Technology Group Co., Ltd. (hereinafter referred to as the "Company") needs to maintain a certain scale of working capital in its daily operations, in order to ensure liquidity while reasonably utilizing its own funds and effectively improving the efficiency of this portion of funds, thereby obtaining better investment returns, the Company and its subsidiaries, while ensuring the demand for daily operating funds and fund security, plan to continue to use their own idle funds for entrusted wealth management.
On April 23, 2025, the Company held the 29th meeting of the Sixth Board of Directors and the 16th meeting of the Sixth Supervisory Board, and deliberated and passed the "Proposal on Using Idle Own Funds for Entrusted Wealth Management," agreeing that the Company would use no more than RMB 2 billion of its own idle funds to purchase low-to-medium risk and low-risk wealth management products. The aforementioned wealth management operations are running normally, have improved the Company's fund efficiency, and achieved good results. The Company plans to continue to use no more than RMB 2 billion of its own idle funds to purchase low-to-medium risk wealth management products.
- Investment Quota The Company and its subsidiaries plan to use no more than RMB 2 billion of idle own funds for entrusted wealth management. Within the above quota, funds can be used on a revolving basis. At any point in time, the balance of funds invested in wealth management products (including related amounts from reinvesting investment income) shall not exceed RMB 2 billion.