Announcement on the Use of Idle Funds for Cash Management
Securities Code: 301237
Securities Abbreviation: Heshun Technology
Announcement No.: 2026-014
Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as "the Company") held the 12th meeting of the 4th Board of Directors on March 30, 2026, where it reviewed and approved the proposal on the use of idle funds for cash management. The Company agreed to use a total of no more than RMB 200 million (including RMB 200 million) of its own funds to invest in investment products that are highly secure, have good liquidity, and have a term not exceeding 12 months. This proposal is within the authority of the Board of Directors and does not require submission to the shareholders' meeting for review. The above-mentioned fund amount can be used in a rolling manner within twelve months from the date of the Board's approval. The specific circumstances are announced as follows:
1. Basic Situation of Using Idle Funds for Cash Management
(1) Purpose of Cash Management
The purpose of using idle funds for cash management is to improve fund utilization efficiency while ensuring that it does not affect the Company's normal operations and ensuring fund safety and effective risk control. The Company will use idle funds for cash management based on actual operating conditions to better preserve and increase the value of cash, safeguarding the interests of the Company's shareholders.
(2) Investment Amount and Term
The Company will use no more than RMB 200 million (including RMB 200 million) of its own funds for cash management, and this fund amount can be used in a rolling manner within twelve months from the date of the Board's approval.