Weihai Guangwei Composite Materials Co., Ltd. (hereinafter referred to as "the Company") held the 13th meeting of the 4th Board of Directors on March 28, 2026, to improve the efficiency of fund utilization and rationally use idle self-owned funds. The board approved the proposal on the use of idle self-owned funds for cash management, agreeing that the Company and its subsidiaries may use no more than RMB 500 million of idle self-owned funds for cash management without affecting normal operations. The specific details are as follows:
300699SZSE
Announcement on the Use of Idle Self-owned Funds for Cash Management
✨ AI Summary
Weihai Guangwei Composite Materials Co., Ltd. aims to enhance fund utilization efficiency by using up to RMB 500 million of idle self-owned funds for cash management. The board approved this decision on March 28, 2026, allowing investments in low-risk financial products. The resolution is valid for 12 months and will not affect normal operations.
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