300568SZSE

Announcement on the Use of Part of the Temporarily Idle Self-owned Funds for Cash Management

✨ AI Summary

Shenzhen Xinyuan Material Technology Co., Ltd. approved the use of up to RMB 1.6 billion of temporarily idle self-owned funds for cash management to enhance fund efficiency without affecting normal operations. The investment period is valid for 12 months from the board's approval date. The management is authorized to make investment decisions within this limit.

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Full Translation

AI Translation· azure_openai

Shenzhen Xinyuan Material Technology 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.

On March 30, 2026, the Company held the 24th meeting of the 6th Board of Directors, which reviewed and approved the proposal on the use of part of the temporarily idle self-owned funds for cash management. It was agreed that the Company and its holding subsidiaries could use no more than RMB 1.6 billion of temporarily idle self-owned funds for cash management, effective for 12 months from the date of the Board's approval. Within this limit, the funds may be used on a rolling basis, and the management is authorized to implement related matters. The use of part of the temporarily idle self-owned funds to purchase financial products is within the Board's approval authority and does not require submission to the shareholders' meeting.

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