002709SZSE

Announcement on the Progress of Using Part of the Idle Raised Funds for Cash Management

✨ AI Summary

Guangzhou Tinci Materials Technology Co., Ltd. is using up to 60 million yuan of idle raised funds for cash management. The company has signed agreements and invested in fixed-income products with China Minmetals Bank, aiming to enhance financial efficiency and generate income. The investments are low-risk, with a maximum 12-month term, and include measures to control market fluctuation risks.

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Full Translation

AI Translation· azure_openai

Guangzhou Tinci Materials Technology Co., Ltd. (hereinafter referred to as the "Company") convened its 11th meeting of the 2026 Board of Directors on January 7, 2026, and passed the resolution regarding the use of part of the idle raised funds for cash management. It is intended to ensure that the idle raised funds are effectively utilized and to enhance the Company's financial management.

The amount of idle raised funds for cash management shall not exceed 60 million yuan, and the investment period shall not exceed 12 months. The Company plans to open a dedicated cash management account for this purpose.

On January 19, 2026, the Company signed a cash management agreement with Zhejiang Tinci Materials Technology Co., Ltd. and China Minmetals Bank Co., Ltd. to carry out cash management.

1. Current Status of Cash Management Using Part of the Idle Raised Funds

PurchaserSigning InstitutionProduct NameProduct TypePurchase Amount (10,000 yuan)Start DateEnd DateExpected Annual Income Rate
Guangzhou Tinci Materials Technology Co., Ltd.China Minmetals Bank Co., Ltd.10-Year Period Fixed Income ProductGuaranteed Income Type50,0002026-01-232026-04-231.78%
Guangzhou Tinci Materials Technology Co., Ltd.China Minmetals Bank Co., Ltd.10-Year Period Fixed Income ProductGuaranteed Income Type50,0002026-04-242026-05-251%~1.78%

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