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 part of the idle raised funds for cash management, agreeing to use no more than RMB 550 million of idle raised funds for cash management, purchasing principal-protected financial products or deposit products with an investment period not exceeding 12 months, with a usage period of 18 months from the date of approval at the 2024 Annual General Meeting. Within the above limits and the validity period of the resolution, the funds can be used in a rolling manner. After the cash management of idle raised funds matures, it will be promptly returned to the special account for raised funds. Specific details can be found in 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) regarding the use of part of the idle raised funds for cash management (Announcement No. 2025-027) and the 2024 Annual General Meeting resolution (Announcement No. 2025-039).
Recently, the cash management products purchased with the 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 situation of this maturity is as follows:
| Counterparty | Product Name | Product Type | Subscription Amount | Start Date | Maturity Date | Expected Annual Yield | Redeemed Principal | Maturity Income |
|---|---|---|---|---|---|---|---|---|
| China Merchants Bank | China Merchants Bank Point Gold Series Bullish Two-Layer Range | 93 Days Structured Deposit (Product Code: NFZ02868) | Principal-protected floating income type | 40 million yuan | December 24, 2025 | March 27, 2026 | 1.00% or 1.60% | 40 million yuan |
| Industrial Bank | Industrial Bank Corporate Financial RMB Structured Deposit Product (Product Code: CC11250604003-00000000) | Principal-protected floating income type | 130 million yuan | December 24, 2025 | March 27, 2026 | 1.00% or 1.70% | 130 million yuan | 563,100 yuan |
| China Construction Bank | China Construction Bank Fujian Branch Customized RMB Structured Deposit Product (Product Code: 35087610020260310001) | Principal-protected floating income type | 20 million yuan | March 10, 2026 | March 27, 2026 | 0.65%-1.80% | 20 million yuan | 13,800 yuan |
As of the date of this announcement, the company has successfully redeemed the above financial products, with a redeemed principal of 190 million yuan and a financial income of 740,000 yuan, both of which have been credited.
- Cancellation of the special settlement account for cash management of raised funds. Given that some cash management products have matured and the principal and income have all been returned to the special account for raised funds, the special settlement accounts opened for cash management products have been automatically canceled by the bank. The cancellation account situation is as follows:
| Account Name | Opening Institution | Account Number | Account Status |
|---|---|---|---|
| Fujian Xingyun Electronics Co., Ltd. | China Merchants Bank Fuzhou Branch | 59190379457800148 | Canceled |
| Fujian Xingyun Electronics Co., Ltd. | Industrial Bank Fuzhou Free Trade Zone Branch | 118010100200429749 | Canceled |
- The company's use of idle raised funds to purchase financial products is as follows: