300822SZSE

Announcement on Increasing the Use of Idle Self-owned Funds for Cash Management

✨ AI Summary

Shenzhen Bestar Technology Co., Ltd. has approved the increase of idle self-owned funds for cash management from RMB 100 million to RMB 200 million. This decision aims to enhance fund utilization efficiency without affecting normal business operations. The new limit will be effective until March 12, 2027, allowing for rolling use of the funds.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Shenzhen Bestar Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

On June 1, 2026, at the 20th meeting of the third Board of Directors, the Company reviewed and approved the proposal to increase the use of idle self-owned funds for cash management. This decision aims to further improve the efficiency of fund utilization while ensuring that normal business operations are not affected, agreeing to increase the use of idle self-owned funds for cash management by no more than RMB 100 million. After this increase, the limit for using idle self-owned funds for cash management will be adjusted from no more than RMB 100 million to no more than RMB 200 million, with the usage period from the date of approval by the Board of Directors until March 12, 2027. Within the above usage period and limit, the funds can be used in a rolling manner. This matter is within the authority of the Board of Directors and does not require submission to the shareholders' meeting for approval.

The relevant situation is announced as follows:

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.