I. Situation of Using Idle Funds for Cash Management
On April 9, 2025, Guangdong Lingnan Modern Agriculture Co., Ltd. (hereinafter referred to as "the Company") held its 11th meeting of the 13th Board of Directors, which approved the proposal regarding the use of idle funds for cash management. It was agreed that the Company would use idle funds not exceeding 180 million RMB (including the 180 million RMB of idle funds) for cash management. The Company will disclose relevant information on the Shenzhen Stock Exchange website (http://www.szse.cn/) and other media.
On August 28, 2025, the Company used idle funds of 5 million RMB to purchase a financial product from China Construction Bank Co., Ltd. (hereinafter referred to as "CCB"), named "People's Currency Structured Deposit [CSDV202511355]" with a maturity date of February 2, 2026.
On August 29, 2025, the Company used idle funds of 4.9 million RMB to purchase a financial product from CCB, named "People's Currency Structured Deposit [CSDV202511356]" with a maturity date of February 4, 2026.
On October 9, 2025, the Company used idle funds of 8 million RMB to purchase a financial product from CCB, named "People's Currency Structured Deposit" with a maturity date of February 2, 2026.
On October 27, 2025, the Company used idle funds of 9 million RMB to purchase a financial product from CCB, named "People's Currency Structured Deposit [B170C0010]" with a maturity date of December 15, 2025.
On November 14, 2025, the Company used idle funds of 7 million RMB to purchase a financial product from 招商银行 (China Merchants Bank), named "招商银行收益金系列公司债计划" (35 days) with a maturity date of December 19, 2025.