Stock Code: 002706 Stock Abbreviation: Liangxin Co., Ltd. Announcement No.: 2026-030
Shanghai Liangxin Electric 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 false records, misleading statements, or significant omissions.
On April 9, 2026, the Company held the ninth meeting of the seventh Board of Directors, which reviewed and approved the proposal on the use of part of the idle self-owned funds for cash management. The Board agreed that the Company (including subsidiaries) could use no more than RMB 500 million of idle self-owned funds for cash management without affecting normal production and operations. The planned investment will be in principal-protected or low-risk wealth management products, with a usage period of 12 months from the date of approval by the Board. Within the aforementioned usage period and limit, the funds can be rolled over. This matter is within the Board's review authority and does not require submission to the shareholders' meeting for review. For specific details, please refer to the announcement titled "Announcement on the Use of Part of the Idle Self-owned Funds for Cash Management," published on April 11, 2026, on the Giant Tide Information Network, Announcement No.: 2026-014.
According to the above resolution, recently, the wholly-owned subsidiary Shanghai Liangxin Intelligent Electric Co., Ltd. signed an agreement with Ningbo Bank Co., Ltd. (hereinafter referred to as Ningbo Bank) to purchase wealth management products. The details are as follows: