Announcement on the Use of Idle Self-owned Funds for Cash Management
Shenzhen Stock Exchange Code: 002684
Stock Abbreviation: *ST Mengshi
Announcement Number: 2022-046
Mengshi New Energy Technology (Henan) Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Investment Variety: To control risks, the investment will be in low-risk financial products issued by commercial banks and other financial institutions that are highly secure and liquid, with individual investment product terms not exceeding 12 months.
- Investment Amount: Not exceeding 100 million RMB, with funds available for recycling within this limit.
- Special Risk Reminder: The investment varieties for cash management are limited to low-risk financial products; however, the financial market is significantly influenced by macroeconomic factors, and market fluctuations may affect this investment. The company will invest appropriately based on economic conditions and changes in the financial market, and actual investment returns cannot be predicted.
Mengshi New Energy Technology (Henan) Co., Ltd. (hereinafter referred to as "the Company") held the 60th meeting of the 6th Board of Directors on April 29, 2022, where the proposal on the use of idle self-owned funds for cash management was reviewed and approved. The Company (including subsidiaries within the consolidated financial statements) is authorized to use up to 100 million RMB of idle self-owned funds for cash management. The relevant situation is announced as follows: