Shuangle Pigment Co., Ltd. (hereinafter referred to as "the Company") guarantees that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
On February 27, 2026, the Company held the 16th meeting of the third board of directors, which reviewed and approved the proposal on the use of idle raised funds for cash management. It was agreed to use idle raised funds not exceeding RMB 300 million (inclusive) for cash management, ensuring that it does not affect the normal implementation progress of the investment projects funded by the raised funds, with a term of 12 months from the date of approval by the board of directors. Within the above limit and term, the funds can be used in a rolling manner. This matter does not need to be submitted to the shareholders' meeting for approval. The board of directors authorized the chairman of the company to exercise investment decision-making rights within this limit, and the financial officer is responsible for it. The relevant situation is announced as follows:
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Basic Situation of Raised Funds
According to the "Approval of the China Securities Regulatory Commission on Shuangle Pigment Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Objects" (Zheng Jian Xu Ke [2025] No. 2678), the Company issued 8,000,000 convertible bonds to unspecified objects, with a face value of RMB 100 each, raising a total of RMB 800,000,000.00. After deducting issuance costs of RMB 8,754,500.00 (excluding tax), the actual net raised funds amount to RMB 791,245,500.00. The raised funds were transferred to the Company's designated account on January 5, 2026. Lixin Accounting Firm (Special General Partnership) conducted an examination of the actual raised funds and issued a "Verification Report" (Xinhui Report [2026] No. ZA10008). The raised funds have been deposited in a special account opened for this issuance, and the management of the raised funds is conducted in a special account. The Company has signed a "Tripartite Supervision Agreement on Raised Funds" with the sponsor and the commercial bank where the raised funds are deposited. -
Use of Raised Funds
According to the "Prospectus for the Issuance of Convertible Bonds by Shuangle Pigment Co., Ltd. to Unspecified Objects," the raised funds, after deducting issuance costs, will be used for the following projects: