Securities Code: 301379
Securities Abbreviation: Tianshan Electronics
Announcement Number: 2026-022
Guangxi Tianshan Electronics Co., Ltd. (hereinafter referred to as "the Company") held the 11th meeting of the 3rd Board of Directors and the 11th meeting of the 3rd Supervisory Board on November 13, 2024, and the 2024 3rd Extraordinary General Meeting of Shareholders on November 29, 2024, which approved the proposal on the use of part of the idle raised funds and self-owned funds for cash management. The Company is authorized to use up to RMB 88 million (including the principal) of idle raised funds (including oversubscribed funds) and idle self-owned funds for cash management within 12 months from the date of approval by the General Meeting of Shareholders, ensuring that it does not affect the construction of investment projects funded by raised funds and the safety of raised funds. The limit for idle raised funds is no more than RMB 48 million (including the principal), and for idle self-owned funds, it is no more than RMB 40 million (including the principal). The funds can be used in a revolving manner within the above limits and time frame. For specific details, please refer to the announcement disclosed by the Company on November 14, 2024, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2024-057).
The Company held the 15th meeting of the 3rd Board of Directors and the 14th meeting of the 3rd Supervisory Board on April 21, 2025, and the 2024 Annual General Meeting of Shareholders on May 23, 2025, which approved the proposal on the use of part of the idle raised funds and self-owned funds for cash management. The Company is authorized to use up to RMB 90 million (including the principal) of idle raised funds (including oversubscribed funds) and idle self-owned funds for cash management within 12 months from the date of approval by the General Meeting of Shareholders, ensuring that it does not affect the construction of investment projects funded by raised funds and the safety of raised funds. The limit for idle raised funds is no more than RMB 45 million (including the principal), and for idle self-owned funds, it is no more than RMB 45 million (including the principal). The funds can be used in a revolving manner within the above limits and time frame. For specific details, please refer to the announcement disclosed by the Company on April 22, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2025-037).
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Recently, some of the idle raised funds and self-owned funds used for cash management have matured and been redeemed, and the Company continues to purchase cash management products. The specific situation is announced as follows: