Securities Code: 300969 Bond Code: 123256 Securities Abbreviation: Hengshuai Co., Ltd. Bond Abbreviation: Hengshuai Convertible Bond Announcement Number: 2026-008
Ningbo Hengshuai Co., Ltd. Announcement on the Use of Idle Own Funds for Cash Management
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
Ningbo Hengshuai Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the third Board of Directors on March 16, 2026, and reviewed and approved the "Proposal on the Use of Idle Own Funds for Cash Management." The Company agreed to use idle own funds not exceeding RMB 85,000 million for cash management, provided that normal operations and fund safety are not affected. This matter needs to be submitted for approval by the Company's shareholders' meeting and will be valid for 12 months from the date of approval by the shareholders' meeting. Within the aforementioned usage period and amount, funds can be rolled over. The management is authorized to sign relevant contract documents, and the specific matters will be organized and implemented by the Company's finance department. The relevant situation is hereby announced as follows:
I. Basic Situation of Using Idle Own Funds for Cash Management
(I) Investment Objective To improve the efficiency of fund utilization, reasonably utilize idle funds, and increase company revenue by managing idle own funds for cash management, without affecting the normal operations of the Company.
(II) Investment Products The Company plans to use idle own funds to purchase low-to-medium risk or stable investment products with high safety and good liquidity (including but not limited to structured deposits, wealth management products, and reverse repurchase agreements).