300943SZSE

Announcement on the Progress of Using Part of Idle Raised Funds and Self-owned Funds for Cash Management

✨ AI Summary

The company has approved the use of part of its idle raised funds and self-owned funds for cash management. The total amount involved is capped at RMB 20 million. The funds will be allocated to various financial products with expected annual yields ranging from 0.45% to 2.30%. The announcement outlines the investment risks and management measures to be implemented.

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Full Translation

AI Translation· azure_openai

This company and its board of directors ensure the truthfulness, accuracy, and completeness of the information disclosed in this announcement, without any false records, misleading statements, or major omissions.

Zhejiang Chunhui Intelligent Control Co., Ltd. (hereinafter referred to as "the Company") held the 14th meeting of the 9th Board of Directors on February 11, 2026, and the first interim shareholders' meeting on February 27, 2026. It was resolved to use part of the idle raised funds and self-owned funds for cash management. The total amount used shall not exceed RMB 20 million (inclusive), and the funds will be placed in financial products with expected annual yields of no more than RMB 45 million (inclusive), using a limited period of no more than 12 months. The Company will disclose the relevant information on its website (www.cninfo.com.cn) regarding the use of idle raised funds and self-owned funds for cash management (Announcement No.: 2026-007). Recently, the Company has used part of its idle raised funds for cash management. The main situation regarding this cash management is as follows:

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