Hebei Zhongci Electronic Technology Co., Ltd. Announcement on the Maturity and Redemption of Wealth Management Products by Wholly-owned Subsidiary Beijing Guolian Wanzhong Semiconductor Technology Co., Ltd. Using Part of Idle Raised Funds
The company and its board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Hebei Zhongci Electronic Technology Co., Ltd. (hereinafter referred to as "the Company" or "Zhongci Electronics") held the Second Board of Directors' 32nd Meeting and the Second Supervisory Board's 25th Meeting on April 23, 2025. The meetings deliberated and approved the "Proposal on Using Part of Idle Raised Funds for Wealth Management." This proposal was subsequently approved by the 2024 Annual General Meeting of Shareholders held on May 15, 2025. The company is permitted to use no more than RMB 1.83 billion of idle raised funds for wealth management. These funds will be used to purchase principal-protected, highly liquid, and capital-guaranteed structured deposits issued by banks with a product investment period not exceeding 12 months. The aforementioned fund limit will be used on a revolving basis within its validity period. For detailed information, please refer to the "Announcement on Using Part of Idle Raised Funds for Wealth Management" (Announcement No. 2025-034) published by the Company on the Juchao Information Network (http://www.cninfo.com.cn) and designated information disclosure media.
Here is the progress report on the implementation of wealth management using part of idle raised funds by the Company's wholly-owned subsidiary, Beijing Guolian Wanzhong Semiconductor Technology Co., Ltd. (hereinafter referred to as "Guolian Wanzhong"):
I. Redemption of Wealth Management Products Purchased with Part of Idle Raised Funds Upon Maturity