Zhejiang Taotao Automotive Co., Ltd. (hereinafter referred to as "the Company") held its 13th meeting of the 4th Board of Directors on March 30, 2026, where it reviewed and approved the proposal on using self-owned funds for cash management. The Company and its subsidiaries are authorized to use no more than RMB 1 billion or equivalent foreign currency (including the principal) of self-owned funds for cash management, provided it does not affect the Company's daily operations. This matter falls within the Board's review authority and does not require submission to the shareholders' meeting. The specific circumstances are announced as follows:
301345SZSE
Announcement on Using Self-owned Funds for Cash Management
✨ AI Summary
Zhejiang Taotao Automotive Co., Ltd. approved a proposal to use up to RMB 1 billion of its idle self-owned funds for cash management to enhance fund efficiency and increase investment returns. The investment will be managed within a 12-month period and will focus on low-risk financial products. The board has authorized the management to make investment decisions within this limit.
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