Chongqing Fuling Zhacai Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
I. Approval Status of Wealth Management Using Idle Self-owned Funds and Raised Funds
The proposal on using idle self-owned funds to purchase wealth management products was approved at the 27th meeting of the 5th Board of Directors and the 20th meeting of the 5th Supervisory Board held on March 27, 2025, and was approved by the 2024 Annual General Meeting of Shareholders on April 25, 2025. The Company is authorized to use no more than RMB 4 billion of idle self-owned funds to purchase low-risk wealth management products issued by banks, securities companies, or other financial institutions, valid for three years from the date of approval by the shareholders' meeting. The maximum term for each purchased wealth management product shall not exceed one year, and the self-owned funds can be rolled over within the above limits.
The proposal on using idle raised funds to purchase wealth management products was approved at the 35th meeting of the 5th Board of Directors held on March 26, 2026, and was approved by the 2025 Annual General Meeting of Shareholders on April 21, 2026. The Company is authorized to use no more than RMB 2.4 billion of idle raised funds to purchase wealth management products with high safety, good liquidity, and capital protection agreements, valid for one year from the date of approval by the shareholders' meeting. The maximum term for each purchased wealth management product shall not exceed one year, and the raised funds can be rolled over within the above limits.