Miracle New Materials Co., Ltd.
Address: No. 35, Changsha Street, Yantai Development Zone
Phone: +86-535-3979898
Website: www.miracll.com
Announcement No.: 2026-039
Progress Announcement on the Use of Idle Funds to Purchase Wealth Management Products
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Miracle New Materials Co., Ltd. (hereinafter referred to as "the Company") held the 11th meeting of the 4th Board of Directors on March 28, 2026, where it reviewed and approved the proposal on the use of part of the idle self-owned funds to purchase wealth management products. The Company and its subsidiaries are authorized to use a total of no more than 600 million RMB (including principal) of idle self-owned funds to purchase wealth management products, ensuring that it does not affect the normal production and operational funding needs and the safety of funds. The above limit is valid for one year from the date of approval by the Board of Directors and can be used in a rolling manner within the aforementioned limit and period. The management of the Company and its subsidiaries are authorized to sign relevant contracts within the above limit, with specific matters organized and implemented by the finance department. For detailed content, please refer to the announcement disclosed by the Company on March 31, 2026, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2026-016).
Recently, the Company and its subsidiaries used part of the idle self-owned funds to purchase wealth management products, and the relevant matters are announced as follows:
1. Basic Information on the Purchase of Wealth Management Products
| No. | Trustee | Product Name | Amount (10,000 RMB) | Start Date | Maturity Date | Product Type | Expected Annualized Yield | Purchasing Entity |
|---|---|---|---|---|---|---|---|---|
| 1 | CITIC Securities Asset Management Co., Ltd. | CITIC Securities Asset Management XinYing ZunXiang Stable No. 2 FOF Collective Asset Management Plan | 4,000 | 2026/5/25 | Quarterly open for 10 days each time, redeemable at any time | Fund of Funds (FOF) | 3.5% | Miracle New Materials Co., Ltd. |
| 2 | CITIC Securities Asset Management Co., Ltd. | CITIC Securities Asset Management XinYing ZunXiang Stable No. 2 FOF Collective Asset Management Plan | 1,000 | 2026/5/25 | Quarterly open for 10 days each time, redeemable at any time | Fund of Funds (FOF) | 3.5% | Miracle Technology (Henan) Co., Ltd. |
2. Approval Procedures
The Company held the 11th meeting of the 4th Board of Directors on March 28, 2026, where it reviewed and approved the proposal on the use of part of the idle self-owned funds to purchase wealth management products. The sponsor institution conducted a review of this matter and issued a consent verification opinion. The amount and duration of the funds used by the Company to purchase wealth management products are within the scope of the above approval and do not need to be submitted for further review by the Board of Directors or the shareholders' meeting.