Securities Code: 002438 Securities Abbreviation: Jiangsu Shentong Announcement Number: 2026-008
Jiangsu Shentong Valve Co., Ltd. Announcement on the Use of Idle Self-Owned Funds for Cash Management
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the announcement, and assume joint and several liability for any false records, misleading statements, or material omissions therein.
Jiangsu Shentong Valve Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the seventh Board of Directors on April 11, 2026, and deliberated and approved the "Proposal on the Use of Idle Self-Owned Funds for Cash Management." To improve the efficiency of fund utilization and increase shareholder returns, while ensuring that the Company's normal operations are not affected and risks are effectively controlled, the Company plans to use no more than RMB 500 million of its idle self-owned funds to purchase low-risk, highly liquid financial institution wealth management products. The specific details are as follows:
I. Basic Situation of Using Idle Self-Owned Funds for Cash Management
(I) Investment Objective: To improve the efficiency of the Company's short-term idle self-owned funds, rationally utilize idle funds, and seek better investment returns for shareholders, without affecting the Company's normal operations and development.
(II) Investment Quota: Based on the Company's self-owned capital and the amount of wealth management products previously purchased, the investment quota for purchasing wealth management products shall not exceed RMB 500 million (and can be used on a revolving basis).
(III) Investment Method: The investment products shall be wealth management products issued by commercial banks and other financial institutions that are highly safe, highly liquid, have a principal protection agreement, and a term of no more than 12 months (inclusive) (including RMB structured deposits, principal-protected and yield-guaranteed cash management plans, asset management plans, principal-protected and floating-yield cash management plans, asset management plans, etc.). This does not include bank wealth management products purchased from banks and other financial institutions that invest in stocks, interest rates, exchange rates, and their derivatives.
(IV) Quota Usage Period: Valid for one year from the date of approval by the Board of Directors.
(V) Source of Funds: The funds for the aforementioned investment will come from the Company's idle self-owned funds, provided that the funds required for the Company's normal operations and development are ensured.
(VI) Related Party Transactions: The Company has no related party transactions with the financial institutions providing wealth management products.