Securities Code: 300831 Securities Abbreviation: Ruipai Shares Announcement No.: 2026-007
Xi'an Rectifier Power Semiconductor Technology Co., Ltd. Announcement on Progress of Using Part of Idle Raised Funds for Cash Management
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Xi'an Rectifier Power Semiconductor Technology Co., Ltd. (hereinafter referred to as the "Company") held the Fifth Meeting of the Third Board of Directors and the Fourth Meeting of the Third Supervisory Board on October 24, 2024. The meetings deliberated and passed the "Proposal on Using Part of Idle Raised Funds for Cash Management." It was agreed that the Company would use a total amount of idle raised funds not exceeding RMB 25,000,000 (including the principal amount) for cash management, provided that the normal progress of the raised fund investment plan is not affected, the use of raised funds is not changed, and the safety of funds is guaranteed. The investment products will be of high safety and good liquidity (including but not limited to large-denomination transferable certificates of deposit, structured deposits, call deposits, notice deposits, fixed deposits, and government bond repurchase agreements, etc.). The authorization period is 18 months. The period for using the raised funds and the authorization period shall take effect from January 1, 2025, after the Board of Directors' approval. Within the aforementioned amount and period, funds can be used in a revolving manner. It was agreed that the Board of Directors authorizes the Chairman or the person authorized by the Chairman to sign relevant contract documents within the aforementioned period and amount. The specific matters will be organized and implemented by the Company's Finance Department, and the Company's internal audit department and supervisors will provide full supervision. For details, please refer to the "Announcement on Using Part of Idle Raised Funds for Cash Management" disclosed on the Juchao Information Network (www.cninfo.com.cn) (Announcement No.: 2024-087).
I. Situation of the Company's Use of Part of Idle Raised Funds for Cash Management
| Entrusted Party Name | Product Name | Product Type | Product Amount (RMB 10,000) | Start Date | End Date | Expected Annualized Yield | Fund Source |
|---|---|---|---|---|---|---|---|
| Shanghai Pudong Development Bank, Xi'an Branch | Liduoduo Company Stable 26JG3077 Period (1-month early bird) RMB Corporate Structured Deposit | Principal-protected floating-yield | 6,000 | 2026. 3. 16 | 2026. 4. 16 | 0.7%-1.65%-1.85% | Idle raised funds |
II. Deliberation Procedures
The "Proposal on Using Part of Idle Raised Funds for Cash Management" has been deliberated and passed by the Fifth Meeting of the Third Board of Directors and the Fourth Meeting of the Third Supervisory Board of the Company. The Supervisory Board and the sponsor institution have issued clear consent opinions. The purchase of cash management products is within the approved amount and period, and does not require further submission to the Board of Directors for deliberation.
III. Statement on Related Party Transactions