Announcement on Using Part of Idle Raised Funds (Including Over-Raised Funds) and Own Funds for Cash Management
The company and all members of the board of directors guarantee the content of the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
Key Content Reminder:
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Investment Type: Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd. (hereinafter referred to as the "Company" or "Tengyuan Cobalt Industry") plans to use idle raised funds (including over-raised funds) and own funds for cash management in 2026. The investment will be in high-security, high-liquidity, low-risk, and stable principal-protected cash management products with an investment period not exceeding 12 months, including but not limited to structured deposits or large certificates of deposit.
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Investment Amount: The Company plans to use no more than RMB 1 billion (inclusive) of idle raised funds (including over-raised funds) and no more than RMB 500 million (inclusive) of own funds for cash management in 2026. The term of use is valid for 12 months from the date of approval by the Board of Directors. Within the aforementioned quota and validity period, funds can be rolled over. The transaction amount at any point in time within the period (including income from the aforementioned investments that is reinvested) shall not exceed the aforementioned investment quota.
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Special Risk Reminder: The use of temporarily idle raised funds (including over-raised funds) and own funds for cash management is subject to risks such as macroeconomic fluctuations and unpredictable investment returns. Investors are advised to pay attention to investment risks.
The Company held the Fifth Meeting of the Fourth Board of Directors on April 17, 2026, and deliberated and approved the "Proposal on Using Part of Idle Raised Funds (Including Over-Raised Funds) and Own Funds for Cash Management." Under the premise of ensuring the safety of raised funds and the progress of raised fund investment projects, and without affecting the Company's normal operations, it was agreed that the Company would use no more than RMB 1 billion (inclusive) of idle raised funds (including over-raised funds) and no more than RMB 500 million (inclusive) of own funds for cash management. The term of use is valid for 12 months from the date of approval by the Company. Within the aforementioned quota and validity period, funds can be rolled over. Upon maturity of the cash management of idle raised funds, they will be promptly returned to the special account for raised funds. This proposal will take effect after being deliberated and approved by the Board of Directors. The relevant situation is hereby announced as follows:
I. Basic情况 of Raised Funds
According to the "Approval on the Registration of the Initial Public Offering of Shares of Ganzhou Tengyuan Cobalt Industry New Material Co., Ltd." (No. [2021] 4042) issued by the China Securities Regulatory Commission, the Company issued 31.4869 million ordinary shares of RMB common stock (A shares) in its initial public offering. The par value per share is RMB 1.00, and the offering price is RMB 173.98 per share. The total amount of raised funds is RMB 5,478,090,862.00. After deducting the tax-exclusive issuance expenses, the net amount of raised funds is RMB 5,203,780,785.88 (tax-exclusive). Among them, RMB 2,198,000,000.00 is for raised fund investment projects, and RMB 3,005,780,785.88 is over-raised funds. These raised funds were transferred to the Company's designated account on March 14, 2022. Certified Public Accountants (Special General Partnership) have audited the capital verification of the Company's initial public offering of new shares and issued the "Capital Verification Report" (Zhi Tong Yan Zi [2022] No. 351C000126) on March 14, 2022.