Qingdao Huicheng Environmental Technology Group Co., Ltd. (hereinafter referred to as "the Company") held the fourth meeting of the fourth board of directors on April 21, 2026, where it reviewed and approved the proposal on the use of part of the temporarily idle raised funds for cash management. It was agreed that, without affecting the normal operations of the Company, the construction progress of the investment projects funded by the raised funds, and ensuring the safety of the funds, the Company and its subsidiaries may use a maximum of RMB 400 million (including this amount) of temporarily idle raised funds for cash management. The usage period is valid for 12 months from the date of approval by the fourth meeting of the fourth board of directors, and within the validity period of the above limit, the funds may be used on a rolling basis. The board authorized the general manager to exercise decision-making power and sign relevant contracts within the above limit. For specific details, please refer to the announcement titled "Progress Announcement on the Use of Part of Idle Raised Funds for Cash Management" (Announcement No. 2026-029) disclosed by the Company on April 23, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).
Recently, the Company used RMB 350 million of temporarily idle raised funds for cash management, and the relevant matters are announced as follows:
1. Basic Situation of Using Part of Temporarily Idle Raised Funds for Cash Management
| No. | Entrusting Party | Trustee | Product Name | Product Type | Amount (10,000 RMB) | Start Date | Expiry Date | Expected Annualized Return | Source of Funds |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Company | CITIC Securities Co., Ltd. | CITIC Securities Co., Ltd. Anxin Gain Series 667 | Fixed Income Certificate | 35,000.00 | April 30, 2026 | May 7, 2026 | 1.77% | Idle raised funds |
Note: The Company has no related party relationship with the above trustee.
2. Cash Management Risks and Risk Control Measures
(1) Cash Management Risks
- Although the investment products have undergone strict evaluation and are highly secure and liquid, the financial market is greatly affected by macroeconomic conditions, and it cannot be ruled out that this investment may be impacted by macro market fluctuations.
- The Company will intervene appropriately and in a timely manner based on economic conditions and changes in the financial market; therefore, the actual returns from short-term investments are unpredictable.
- Risks related to the operations and monitoring by relevant personnel.