Shanghai Zhenlan Instrument Technology Co., Ltd. (hereinafter referred to as "the Company" or "Zhenlan Instrument") held the 18th temporary meeting of the 6th Board of Directors and the 11th meeting of the Audit Committee on February 26, 2026, where it reviewed and approved the proposal on the use of idle self-owned funds for cash management. The independent directors held a special meeting regarding this matter, and the sponsor, Huafu Securities Co., Ltd., issued a consent verification opinion. The above proposal is subject to approval at the first temporary shareholders' meeting of 2026 before implementation. The relevant details are as follows:
I. Overview of Cash Management
(1) Purpose of Cash Management
The Company and its subsidiaries intend to use part of the idle self-owned funds for cash management without affecting the normal operations of the Company, aiming to improve fund efficiency and obtain certain investment returns.
(2) Cash Management Limit, Source of Funds, and Validity Period
The Company and its subsidiaries plan to use no more than 900 million yuan of idle self-owned funds for cash management, sourced from temporarily idle self-owned funds. The above limit will be used on a rolling basis within 12 months, with any investment amount not exceeding 900 million yuan at any given time. If the duration of a single product exceeds the aforementioned validity period, the validity period will automatically extend until the transaction is completed.
(3) Types of Investment Products
The Company will strictly control risks according to relevant regulations, conducting thorough evaluations of investment products, and will purchase medium to low-risk financial products that are highly secure, liquid, and controllable in risk.
(4) Decision-making Procedures and Implementation Methods
After being reviewed and approved by the Company's Board of Directors and the Audit Committee, this matter will be submitted to the shareholders' meeting for approval. The Board of Directors will request the shareholders' meeting to authorize the management to exercise investment decision-making rights and sign relevant contracts and agreements within the validity period of the investment decisions, with the finance department responsible for organizing specific implementation and management.