Jiangsu Yunyi Electric 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 major omissions.
The Company held the 17th meeting of the 5th Board of Directors on March 20, 2025, and the 2024 Annual General Meeting on April 10, 2025, where it reviewed and approved the proposal on the use of idle self-owned funds for entrusted wealth management by the Company and its subsidiaries. The meetings agreed that the Company and its subsidiaries could use a total of no more than RMB 1.2 billion of idle self-owned funds for entrusted wealth management. Within this limit, the General Manager and Financial Officer of the Company and its subsidiaries are authorized to implement the specific measures, and the funds can be used in a revolving manner. For specific details, please refer to the relevant announcement published by the Company on March 21, 2025, on the information disclosure website designated by the China Securities Regulatory Commission.
As of the date of this announcement, the balance of entrusted wealth management that has not yet matured for the Company and its subsidiaries is RMB 520 million, which does not exceed the review limit set by the Company's shareholders' meeting regarding entrusted wealth management. The Company and its subsidiaries hereby announce the recent use of idle self-owned funds for entrusted wealth management as follows: