002429SZSE

Announcement on Using Idle Own Funds for Wealth Management

Shenzhen MTC Co., Ltd.·

✨ AI Summary

Shenzhen Zhaochi Co., Ltd. announces its resolution to use up to RMB 900 million of idle own funds for wealth management products, including wealth management products, bonds, and money market funds. This initiative aims to enhance fund utilization and returns while ensuring capital safety and liquidity, without impacting daily operations or core business. The plan is valid from the 2025 annual shareholder meeting until the 2026 annual shareholder meeting.

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Securities Code: 002429 Securities Abbreviation: Zhaochi Co., Ltd. Announcement No.: 2026-025

Shenzhen Zhaochi Co., Ltd. Announcement on Using Idle Own Funds for Wealth Management

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

Important Notes:

  1. Investment Type: Products with controllable investment risks, including wealth management products (bank wealth management, trust plans, etc.), bonds (government bonds, corporate bonds, enterprise bonds, etc.), money market funds, and other investment targets and methods approved by the Company's internal decision-making procedures.
  2. Investment Amount: The investment amount shall not exceed RMB 90,000 million. Within this limit, the investment amount of the investment entity can be used in a single or multiple installments, on a single or cumulative rolling basis.
  3. Special Risk Warning: Due to factors such as the macroeconomic environment and market changes, the actual yield of wealth management products is uncertain. Investors are kindly reminded to be aware of investment risks.

Shenzhen Zhaochi Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the seventh Board of Directors on April 22, 2026, and deliberated and passed the "Proposal on Using Idle Own Funds for Wealth Management." It was agreed that the Company and its subsidiaries included in the consolidated financial statements would jointly use idle own funds not exceeding RMB 90,000 million at any point in time to invest in products with controllable investment risks, including wealth management products (bank wealth management, trust plans, etc.), bonds (government bonds, corporate bonds, enterprise bonds, etc.), money market funds, and other investment targets and methods approved by the Company's internal decision-making procedures. This is to ensure capital preservation and appreciation while guaranteeing capital safety and liquidity. The specific details are hereby announced as follows:

I. Investment Overview

  1. Investment Objective: To improve the efficiency of idle own fund utilization and enhance asset returns, thereby seeking better investment returns for the Company and shareholders, under the premise of ensuring the Company's daily operating capital needs and capital safety.

  2. Investment Amount: Based on the capital status of the Company and its subsidiaries included in the consolidated financial statements (hereinafter referred to as "investment entities"), it is proposed to use idle own funds not exceeding RMB 90,000 million at any point in time for wealth management. This amount includes reinvested investment income. Within the aforementioned investment limit, the investment amount of the investment entities can be used in a single or multiple installments, on a single or cumulative rolling basis.

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