002737SZSE

Progress Announcement on the Use of Idle Self-owned Funds for Cash Management

✨ AI Summary

The company's board of directors approved the use of up to 20 million RMB of idle self-owned funds for cash management. The finance department is authorized to implement specific measures to enhance operational efficiency and improve the company's financial position. The company will mitigate liquidity risks through active market monitoring and strict internal controls, ensuring no impact on stockholders' interests. Current cash management involves a comprehensive income product with a 4.2% expected annual return.

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Full Translation

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The company and the board of directors confirm that the information disclosed herein is true, accurate, and complete, without any false records, misleading statements, or major omissions.

According to the resolution made at the fifth meeting of the board of directors, the company has approved the use of idle self-owned funds not exceeding 20 million RMB for cash management. The board of directors has also authorized the finance department to implement specific measures.

1. Investment Risks

The company may face liquidity risks during cash management, which could be influenced by market conditions, policies, and product flows. The company will actively monitor market dynamics and adjust cash management strategies accordingly to mitigate potential losses.

2. Risk Control Measures

The company will maintain a sound internal management mechanism, ensuring proper cash reserves and selecting investment products through strict review processes to mitigate risks. The finance department will be responsible for the specific implementation of these measures.

3. Impact on the Company

The company will use part of its idle self-owned funds for cash management, ensuring the safety of funds and enhancing operational efficiency. The company aims to improve its financial position and will not affect the company's stockholders' interests.

4. Current Cash Management Status Before the 12th of This Month

SequenceSigning InstitutionProduct NameProduct TypeAmount (10,000 RMB)Start DateEnd DateExpected Annual ReturnActual Return
1China Merchants BankCSDY202614171Comprehensive Income Product250,0002026.03.052026.03.314.2%[blank]

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