Progress Announcement on the Use of Temporarily Idle Raised Funds for Cash Management
Securities Code: 300224
Securities Abbreviation: Zhenghai Magnetic Material
Announcement Number: 2026-029
Yantai Zhenghai Magnetic Material Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The Company approved the proposal on the use of part of the temporarily idle raised funds for cash management at the seventh meeting of the sixth Board of Directors held on December 15, 2025. It was agreed to use an amount not exceeding RMB 200 million of temporarily idle raised funds for cash management, ensuring that it does not affect the payment of investment project funds and the safety of the raised funds. The funds will be used to purchase investment products with high safety and good liquidity (including but not limited to structured deposits, time deposits, large certificates of deposit, etc.). The usage period is valid for 12 months from the date of approval by the Board of Directors, and within the above limits and time frame, the funds can be rolled over. Detailed information can be found in the announcement disclosed by the Company on December 15, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn/).
Recently, the Company has canceled some expired cash management special settlement accounts. The relevant matters are announced as follows: