Shenzhen Jun Ding Da New Material Co., Ltd. Announcement on Using Part of Temporarily Idle Own Funds and Raised Funds for Cash Management and Depositing Remaining Raised Funds via Negotiated Deposit
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
Key Information Prompt: ● Investment Types and Amounts: Under the condition that the company's normal operations and the planned use of raised funds are not affected, the company will use temporarily idle raised funds not exceeding RMB 12,000,000,000 (inclusive) and temporarily idle own funds not exceeding RMB 8,000,000,000 (inclusive, or equivalent in foreign currency) for cash management. These funds will be used to purchase low-risk, highly liquid products issued by financial institutions, including but not limited to structured deposits, large-denomination certificates of deposit, principal-protected products, and income notes. The balance of the special account for raised funds will be deposited via negotiated deposit. ● Special Risk Warning: Although the company's cash management plan involves purchasing low-risk, highly liquid investment products or depositing funds in financial institutions through fixed deposits, structured deposits, etc., which are not high-risk investment products, the financial market is significantly affected by the macroeconomy. The company will purchase appropriately and in a timely manner based on economic conditions and financial market changes, but it cannot be ruled out that this investment may be affected by market fluctuations.
Shenzhen Jun Ding Da New Material Co., Ltd. (hereinafter referred to as the "Company") held the twelfth meeting of the fourth Board of Directors on March 27, 2026, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Own Funds and Raised Funds for Cash Management and Depositing Remaining Raised Funds via Negotiated Deposit." The proposal agrees that the Company and its subsidiaries, without affecting normal operations and the planned use of raised funds, will use temporarily idle raised funds not exceeding RMB 12,000,000,000 (inclusive) and temporarily idle own funds not exceeding RMB 8,000,000,000 (inclusive, or equivalent in foreign currency) for cash management. The aforementioned quota is valid from the date of approval by the twelfth meeting of the fourth Board of Directors until the date of the 2026 annual Board of Directors meeting. Funds within this quota and period can be used on a revolving basis. Additionally, the balance of the special account for raised funds will be deposited via negotiated deposit. The aforementioned proposal does not require submission to the shareholders' meeting for approval. The relevant situation is hereby announced as follows:
I. Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Shenzhen Jun Ding Da New Material Co., Ltd.'s Initial Public Offering of Shares" (Zheng Jian Xu Ke (2023) No. 1853), and approved by the Shenzhen Stock Exchange, the Company made its initial public offering of RMB ordinary shares of 10,000,000 shares, with a par value of RMB 1.00 per share and an issue price of RMB 55.82 per share. The total amount of raised funds was RMB 55,820,000,000. After deducting issuance expenses, the net amount of raised funds was RMB 48,406.68 million.
The raised funds were transferred to the Company's special account for raised funds on March 15, 2024. Tianjian Certified Public Accountants (Special General Partnership) audited the receipt of the raised funds and issued the "Capital Verification Report" (Tian Jian Yan (2024) No. 3-5) on the same day. The Company and its subsidiaries have signed a supervision agreement for raised funds with the commercial banks where the raised funds are deposited and the sponsor.
II. Raised Funds Investment Project Situation