Announcement on Utilizing Idle Funds for Short- to Medium-term Wealth Management
Zhejiang Hangqilun Power Technology Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
- Investment Types: The investment products are limited to fixed-income, principal-protected or non-principal-protected short- to medium-term bank wealth management products and low-risk trust products with sufficient safeguards. These products shall not directly or indirectly invest in stocks, interest rates, exchange rates, or their derivatives.
- Investment Amount: The funds used by the Company and its subsidiaries for entrusted wealth management shall not exceed 950 million yuan. Within this limit, the funds can be recycled and reused.
- Special Risk Reminder: The main risks faced by the Company in entrusted wealth management include market volatility risk, credit risk, etc. The investment returns are uncertain, and investors are advised to pay attention to investment risks.
Zhejiang Hangqilun Power Technology Group Co., Ltd. held the third interim meeting of the sixth Board of Directors on June 1, 2026, via communication, and approved the proposal on utilizing idle funds for short- to medium-term wealth management for 2026. To improve the efficiency of fund utilization without affecting normal operations and while controlling risks, the Company and its subsidiaries plan to use idle self-owned funds for entrusted wealth management. The specific situation is announced as follows: