300854SZSE

Progress Announcement on the Company's Use of Idle Raised Funds for Cash Management

✨ AI Summary

The company has approved the use of up to RMB 33 million of idle raised funds for cash management, ensuring no impact on project progress. As of May 2026, the company has invested in structured deposits with a total amount of RMB 4 million. The board and sponsor have expressed clear agreement on this decision, which aims to enhance fund efficiency and returns for shareholders.

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Full Translation

AI Translation· azure_openai

Shenzhen Stock Exchange Code: 300854
Stock Abbreviation: Zhonglan Environmental Protection
Announcement Number: 2026-041

Zhonglan Environmental Protection Technology Co., Ltd. (hereinafter referred to as "the Company") held the 12th meeting of the 4th Board of Directors on October 28, 2025, where it reviewed and approved the proposal on the use of part of the idle raised funds for cash management. The Company agreed to use no more than RMB 33 million of idle raised funds for cash management, ensuring that it does not affect the construction progress of the investment projects funded by the raised funds and effectively controls risks. The usage period shall not exceed 12 months from the date of the board's approval, and within the total limit and effective period, it can be used in a rolling manner. The board of directors and the sponsor have both expressed clear agreement on the above proposal. For specific details, please refer to the relevant announcement published by the Company on the Giant Tide Information Network (www.cninfo.com.cn).

In May 2026, the specific situation of using idle raised funds for cash management within the above usage period and limit is as follows:

1. Situation of Using Idle Raised Funds for Cash Management

  1. In May 2026, the Company redeemed the idle raised funds for cash management that had matured.
  2. In May 2026, new investments using idle raised funds for cash management were made.
No.PurchaserTrustee NameProduct NameAmount Managed (10,000 RMB)Start DateMaturity DateProduct TypeAnnualized YieldSource of Funds
1Zhonglan Environmental Protection Technology Co., Ltd.CITIC Bank Co., Ltd.Win-Win Smart Interest Rate Linked RMB Structured Deposit A334872000.002026/04/152026/05/16Principal Guaranteed Floating Income Type1.00%-1.55%-1.95%Idle raised funds
2Zhonglan Environmental Protection Technology Co., Ltd.CITIC Bank Co., Ltd.Win-Win Smart Interest Rate Linked RMB Structured Deposit A358772000.002026/05/182026/06/18Principal Guaranteed Floating Income Type1.00%-1.55%-1.95%Idle raised funds

The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

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