300852SZSE

Announcement on the Redemption of Part of the Idle Raised Funds for Cash Management and Continuation of Cash Management

✨ AI Summary

The company has approved the redemption of 80 million RMB from cash management products and will continue to manage idle raised funds. The expected annual return rate for new investments is between 1.00% and 1.45%. This strategy aims to enhance fund utilization efficiency and maximize shareholder returns without affecting ongoing investment projects.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Shenzhen Securities Code: 300852
Securities Abbreviation: Sihui Fushi
Announcement Number: 2026-038

Sihui Fushi Electronics Technology Co., Ltd. (hereinafter referred to as "the Company" or "Sihui Fushi") guarantees that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

The 12th meeting of the 3rd Board of Directors and the 8th meeting of the 3rd Supervisory Board of the Company reviewed and approved the proposal on the use of part of the idle raised funds for cash management. The total amount used for cash management shall not exceed 300 million RMB, ensuring that it does not affect the normal investment plan and safety of the raised funds. The usage period is valid for 12 months from the date of approval by the Board of Directors. Within the aforementioned limit and time frame, the funds can be used in a rolling manner, which is beneficial for improving the efficiency of idle raised funds and increasing cash asset returns, thereby maximizing shareholder interests. For specific details, please refer to the announcement disclosed by the Company on September 15, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement Number: 2025-070).

The Company hereby announces the recent use of part of the idle raised funds for cash management as follows:

  1. Redemption of Cash Management Products
    | Purchaser | Trustee | Product Name | Product Type | Purchase Amount (10,000 RMB) | Start Date | Maturity Date | Expected Annual Return Rate | Source of Funds |
    |-----------|---------|--------------|---------------|-------------------------------|------------|---------------|-----------------------------|----------------|
    | Sihui Fushi | China Merchants Bank Co., Ltd. Foshan Branch | China Merchants Bank Point Gold Series Bullish Two-Layer Interval 30-Day Structured Deposit | Structured Deposit | 80,000 | 2026.04.22 | 2026.05.22 | 1.00%~1.45% | Idle raised funds |

Sign in to read the full translation

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