Fujian Xingyun Electronics Co., Ltd. (hereinafter referred to as the "Company") held the 15th meeting of the 4th Board of Directors and the 2024 Annual General Meeting on April 21, 2025, and May 14, 2025, respectively. The meetings approved the proposal to use no more than RMB 550 million of idle raised funds for cash management, allowing the purchase of principal-protected financial products or deposit products with an investment period not exceeding 12 months, effective for 18 months from the date of approval by the 2024 Annual General Meeting. The idle raised funds will be returned to the special account for raised funds promptly after the cash management products mature. For specific details, please refer to the announcements published on April 23, 2025, and May 14, 2025, in the "China Securities Journal," "Shanghai Securities Journal," "Securities Times," "Securities Daily," and on the website of Giant Tide Information (www.cninfo.com.cn) (Announcement No.: 2025-027 and Announcement No.: 2025-039).
Recently, the cash management products purchased with raised funds have been redeemed, and the company will continue to use temporarily idle raised funds for cash management. The relevant matters are announced as follows:
- The company used part of the idle raised funds to purchase financial products. The redemption details are as follows:
| Product Issuer | Product Name | Product Type | Subscription Amount | Start Date | Maturity Date | Expected Annual Yield | Redeemed Principal | Maturity Income |
|---|---|---|---|---|---|---|---|---|
| China Merchants Bank | 7-Day Notice Deposit | Fixed Income | 36 million RMB | February 13, 2026 | February 26, 2026 | 0.75% | 36 million RMB | 0.98 million RMB |
| China Construction Bank | Customized Structured Deposit | Principal-Protected Floating Income | 20 million RMB | February 5, 2026 | February 26, 2026 | 0.65%-1.80% | 20 million RMB | 2.07 million RMB |
As of the date of this announcement, the company has successfully redeemed the above financial products, recovering a principal of RMB 56 million and earning a financial income of RMB 30,500, which has been credited.
- The current situation of the company's use of idle raised funds to purchase financial products is as follows:
| Product Issuer | Product Name | Product Type | Amount | Product Term | Start Date | Maturity Date | Expected Annual Yield |
|---|---|---|---|---|---|---|---|
| China Merchants Bank | Gold Series Call Option Structured Deposit (Product Code: NFZ02973) | Principal-Protected Floating Income | 36 million RMB | 70 Days | February 27, 2026 | May 8, 2026 | 0.70% or 1.75% |