The company and its board of directors ensure that the information disclosed is true, accurate, complete, and free from false records, misleading statements, or major omissions.
Shanghai Xunxin Information Technology Co., Ltd. (hereinafter referred to as "the Company") held its fourth board meeting on April 26, 2026, and approved the proposal regarding the use of part of the idle raised funds for cash management on May 20, 2026, at the 2025 annual general meeting. The company intends to use the idle raised funds for cash management within the limit of no more than 5% of the total raised funds, which is 18,300 million RMB, and the management period is from June 1, 2026, to June 30, 2026. The company will ensure the safety of the funds by purchasing safe and reliable financial products, such as bank deposits and other financial instruments.
The company’s internal control structure has been established to ensure the proper management of the idle raised funds. Detailed information about the proposal was disclosed on the company’s website on April 28, 2026.