300379SZSE

Progress Announcement on the Use of Idle Raised Funds for Cash Management

Dongtong Retreat Co., Ltd.··4 pages

✨ AI Summary

Beijing Orientcom Technology Co., Ltd. has approved the use of up to RMB 700 million of idle raised funds for cash management to enhance fund efficiency and returns. The company has purchased structured deposit products from banks, with expected annual yields ranging from 0.75% to 2.00%. The cash management period will not exceed twelve months, ensuring that the use of funds does not affect ongoing investment projects.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Beijing Orientcom Technology Co., Ltd. (hereinafter referred to as "the Company" or "Orientcom") guarantees that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

The fifth session of the Company's board of directors and the twenty-fifth meeting of the fifth supervisory board have respectively reviewed and approved the proposal on the continued use of part of the idle raised funds for cash management. This is to improve the efficiency of temporarily idle raised funds and increase financial returns while ensuring the construction of investment projects and normal use of raised funds. The Company (including its wholly-owned subsidiaries responsible for the implementation of the investment projects) is authorized to use a total of no more than RMB 700 million of temporarily idle raised funds for cash management in a timely manner, with funds being able to be recycled within the approved limit. The usage period shall not exceed twelve months from the date of board approval, and the investment period for individual investment products shall not exceed twelve months.

The Company's sponsor, First Capital Securities Co., Ltd., has expressed clear consent. For specific details, please refer to the announcement disclosed by the Company on July 24, 2025, on the designated information disclosure website of the China Securities Regulatory Commission, www.cninfo.com.cn.

Recently, the Company (including its wholly-owned subsidiaries responsible for the implementation of the investment projects) has used part of the idle raised funds to purchase structured deposit products from banks. The relevant matters are announced as follows:

1. Basic Information on the Use of Idle Raised Funds for Cash Management

Purchase EntityTrusteeProduct NameProduct TypeSubscription Amount (10,000 RMB)Start DateMaturity DateExpected Annual Yield
OrientcomNingbo BankUnit Structured Deposit 7202504311Principal-protected floating income product4,0002025-10-312025-12-150.75%-2.00%
CompanyChina Merchants BankGold Point Series Call Option Two-tier Interval 48-day Structured Deposit (NBJ11459)Principal-protected floating income product8,4002025-11-132025-12-311.00%-1.60%

Note: The Company has no related party relationship with the above trustees, and the cash management amount and period are within the approved scope.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.