Qingdao Haitai Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On April 24, 2026, the Company held the seventh meeting of the third Board of Directors, which reviewed and approved the proposal on the use of temporarily idle raised funds and self-owned funds for cash management. The Company and its wholly-owned subsidiaries are authorized to use no more than RMB 250 million of temporarily idle raised funds and no more than RMB 200 million of self-owned funds for cash management, ensuring that it does not affect the construction of investment projects funded by raised funds, normal production and operation, and ensuring the safety of funds. The authorization is valid for 12 months from the date of approval by the Board of Directors. The above limits can be used by the Company or its wholly-owned subsidiaries but should be calculated cumulatively. This authorization will cover previous authorized limits, and within the aforementioned limits and time frame, funds can be used in a rolling manner. This matter is within the review authority of the Board of Directors and does not require submission to the shareholders' meeting for approval. For details, please refer to the announcement titled "Progress Announcement on the Use of Temporarily Idle Raised Funds and Self-Owned Funds for Cash Management" (Announcement No. 2026-024) disclosed by the Company on April 25, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).
Recently, the Company has used temporarily idle raised funds for cash management within the authorized scope. The specific situation is as follows:
1. Basic Information on the Redemption of Financial Products
On May 29, 2025, the Company signed a "Renminbi Unit Agreement Deposit Contract" with the Liaoning Road Branch of Qingdao Bank Co., Ltd., with a contract term of 1 year. For details, please refer to the announcement titled "Progress Announcement on the Redemption of Temporarily Idle Raised Funds for Cash Management" (Announcement No. 2025-065) published by the Company on June 3, 2025. As of the date of this announcement, the aforementioned agreement deposit contract has matured, and the related income has been fully received, as detailed below:
| No. | Purchaser | Signing Bank | Product Name | Product Type | Product Description | Start Date | Maturity Date | Expected Annual Yield | Actual Income (RMB) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Haitai Technology | Liaoning Road Branch of Qingdao Bank | Agreement Deposit | Demand Deposit | Benchmark rate 1.15%, reduced by 5 basis points, executed at the agreement deposit rate for amounts over 50,000 RMB in demand accounts | 2025.05.29 | 2026.05.29 | 1.10% | 82,443.47 |
2. Progress of Cash Management Using Temporarily Idle Raised Funds
| No. | Purchaser | Signing Bank | Product Name | Product Type | Product Description | Start Date | Maturity Date | Expected Annual Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | Haitai Technology | Liaoning Road Branch of Qingdao Bank | Agreement Deposit | Demand Deposit | Benchmark rate 1.15%, reduced by 50 basis points, executed at the agreement deposit rate for amounts over 50,000 RMB in demand accounts | 2026.06.01 | 2027.06.01 | 0.65% |
3. Review Procedures
The proposal on the use of temporarily idle raised funds and self-owned funds for cash management has been reviewed and approved by the seventh meeting of the third Board of Directors and the fourth meeting of the Audit Committee of the third Board of Directors, with both the Board and the Audit Committee expressing clear agreement. The limits and duration for cash management are within the approval scope and do not require further submission for Board review.