Stock Code: 002706 Stock Abbreviation: Liangxin Shares Announcement No.: 2026-032
Shanghai Liangxin Electric Appliances Co., Ltd. Announcement on Progress of Using Own Funds to Purchase Financial Management Products
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Shanghai Liangxin Electric Appliances 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." It was agreed that the Company (including its subsidiaries, the same below) would 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 usage period and amount, the funds can be used on a rolling 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 review. For details, please refer to the "Announcement on Using Part of Idle Own Funds for Cash Management" published on Juchao Information Network on April 4, 2026, Announcement No.: 2026-014.
In accordance with the above resolution, Shanghai Liangxin Electric Appliances Co., Ltd. recently signed structured deposit agreements with Industrial Bank Co., Ltd. (hereinafter referred to as "Industrial Bank") and Ningbo Bank Co., Ltd. (hereinafter referred to as "Ningbo Bank"), as follows: