301369SZSE

Announcement on Opening and Closing of Special Settlement Accounts for Cash Management of Raised Funds

PowerTECH Co., Ltd.··2 pages

✨ AI Summary

Foshan Union Technology Co., Ltd. is opening new special settlement accounts for cash management of temporarily idle raised funds and its own funds. The company is also closing a previously opened account as it will no longer be used. This action is in compliance with relevant regulations.

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Full Translation

AI Translation· gemini_document

Securities Code: 301369 Securities Abbreviation: Union Technology Announcement No.: 2026-044 Foshan Union Technology Co., Ltd. Announcement on Opening and Closing of Special Settlement Accounts for Cash Management of Raised Funds The Company and all members of the Board of Directors guarantee the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. Foshan Union Technology Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the third Board of Directors on March 27, 2026, and reviewed and approved the "Proposal on Using Temporarily Idle Raised Funds and Own Funds for Cash Management." The Company agreed to use temporarily idle raised funds (including over-raised funds) not exceeding RMB 600 million (inclusive) and idle own funds not exceeding RMB 500 million (inclusive) for cash management, provided that the construction of raised fund investment projects and normal operations are not affected. The validity period of this quota is 12 months from the date of appr

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