Jiangsu Henghui Security Group Co., Ltd. (hereinafter referred to as "the Company") held the sixth meeting of the third board of directors and the sixth meeting of the third supervisory board on October 11, 2024, where it approved the proposal regarding the use of part of the idle raised funds and self-owned funds for cash management. The Company plans to use CNY 250 million (including principal) of idle raised funds to appropriately purchase safe and liquid principal-protected cash management products, ensuring that it does not affect the construction of investment projects funded by the raised funds and normal operations. The investment management period is valid for 12 months from the date of board approval. Within the above limits and period, the funds can be used in a rolling manner.
On October 15, 2025, the Company held the nineteenth meeting of the third board of directors, where it approved the proposal to use CNY 130 million (including principal) of idle raised funds for cash management, under the same conditions as previously stated. Investment channels include but are not limited to commercial banks, securities companies, and other financial institutions. The investment management period is valid for 12 months from the expiration of the previous authorization for cash management of raised funds. The funds can also be used in a rolling manner within the specified limits and period.
The Company's sponsor, Huatai United Securities Co., Ltd., has expressed clear consent regarding the above matters. For specific details, please refer to the announcements disclosed by the Company on October 12, 2024, and October 15, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) under the announcement numbers: 2024-080 and 2025-138.
Basic Situation of Cash Management with Idle Raised Funds
| No. | Cash Management Entity | Trustee Name | Product Name | Amount (CNY 10,000) | Income Start Date | Product Expiry Date | Redemption Status | Actual Income (CNY) |
|---|---|---|---|---|---|---|---|---|
| 1 | Jiangsu Henghui Security Group Co., Ltd. | Huatai Securities Co., Ltd. | Huatai Securities Ju Yi No. 25251 (Gold Spot) Income Certificate | 1,000.00 | 2025/11/13 | 2026/5/12 | Fully Redeemed | 73,972.60 |
Investment Risks and Risk Control Measures
- Investment Risk Analysis
- Although the types of investments made by the Company and its subsidiaries are safe and liquid principal-protected cash management products, the financial market is significantly influenced by macroeconomic factors, and market fluctuations may affect these investments.
- The Company will intervene appropriately and in a timely manner based on economic conditions and changes in the financial market, thus the actual returns from short-term investments cannot be predicted.
- Risks related to the operations and monitoring by relevant personnel.