Yantai Zhenghai Magnetic Materials Co., Ltd. (hereinafter referred to as "the Company") guarantees that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The Company approved the proposal on December 15, 2025, at the seventh meeting of the sixth board of directors to use up to RMB 200 million of temporarily idle raised funds for cash management, ensuring that it does not affect the payment of investment project funds or the safety of the raised funds. The funds will be used to purchase high-security, liquid investment products (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 the funds can be rolled over within the above limits and time frame. 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 certain cash management special settlement accounts for redeemed raised funds. The relevant matters are announced as follows: