Ningbo Hengfan Co., Ltd. (hereinafter referred to as "the Company") announces the following progress regarding the use of part of its idle raised funds for cash management:
On March 16, 2026, the Company held the third meeting of the third board of directors and the first extraordinary general meeting of shareholders in 2026. The proposal regarding the use of part of the idle raised funds for cash management was approved. The Company intends to ensure that the investment in cash management products does not exceed ¥25 million, with a maturity period of no less than 12 months.