Stock Code: 002706 Stock Abbreviation: Liangxin Shares Announcement No.: 2026-027
Shanghai Liangxin Electrical Co., Ltd. Progress Announcement on Using Own Funds to Purchase Financial Institution Wealth Management Products
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Shanghai Liangxin Electrical Co., Ltd. (hereinafter referred to as the "Company") held the ninth meeting of the seventh Board of Directors on April 9, 2026, and reviewed and approved the "Proposal on Using Part of Idle Own Funds for Cash Management." The Company (including its subsidiaries, the same below) agreed to use no more than RMB 500 million of its idle own funds for cash management, provided that normal production and operation are not affected. The plan is to invest in principal-protected or low-risk wealth management products. The term of use is within 12 months from the date of approval by the Board of Directors. Within the aforementioned period and amount, funds can be used on a revolving basis. This matter is within the scope of the Board of Directors' approval authority and does not require submission to the general meeting of shareholders for deliberation. For details, please refer to the "Announcement on Using Part of Idle Own Funds for Cash Management" published on thecninfo.com on April 4, 2026, Announcement No.: 2026-014.
Based on the above resolution, the Company recently signed an agreement with Industrial Bank Co., Ltd. (hereinafter referred to as "Industrial Bank") to purchase wealth management products, as follows: