Important Content Reminder:
- Investment Type: The cash management products are high-security, liquid principal-protected cash management products (including but not limited to notice deposits, structured deposits, reverse repos of government bonds, and principal-protected financial products from banks and other financial institutions).
- Investment Amount: Not exceeding RMB 70 million.
- Special Risk Reminder: The use of idle raised funds for cash management is subject to risks such as macroeconomic fluctuations and lower-than-expected investment returns; investors are advised to pay attention to investment risks.
Shenzhen Zhonglun New Materials Co., Ltd. (hereinafter referred to as "the Company") held the second special meeting of the independent directors of the second board and the twelfth meeting of the second board on April 10, 2026, where the proposal on the use of part of the idle raised funds for cash management was approved. The subsidiary Zhonglun Plastic Industry (Fujian) Co., Ltd. (hereinafter referred to as "Zhonglun Plastic") is authorized to use up to RMB 70 million (including this amount) of temporarily idle raised funds for cash management. This cash management matter is within the board's review authority and does not require submission to the shareholders' meeting for approval. The providers of the various financial products the company invests in are banks, securities companies, and other financial institutions, with no related party relationships with the company; this cash management matter does not constitute a related party transaction. The company's sponsor, CITIC Securities Co., Ltd., has issued a verification opinion on this matter. The relevant matters are announced as follows:
1. Basic Situation of Raised Funds
According to the approval from the China Securities Regulatory Commission on the registration of the initial public offering of Zhonglun New Materials Co., Ltd. (Zheng Jian Xu Ke [2024] No. 112), the company issued 60,010,000 shares of RMB ordinary shares (A shares) with a par value of RMB 1.00 per share at an issuance price of RMB 11.88 per share, raising a total of RMB 712,918,800.00. After deducting issuance expenses of RMB 78,079,887.24 (excluding VAT), the net raised funds amount to RMB 634,838,912.76. The funds were fully received on June 17, 2024, and were verified by Rongcheng Accounting Firm (Special General Partnership), which issued the "Verification Report No. Rongcheng Yan Zi [2024] 361Z0022" on the fund arrival situation. The company has opened a special account for the raised funds, ensuring that the raised funds are stored in a dedicated account, and has signed a "Four-Party Supervision Agreement" with the sponsor and the supervising bank of the raised funds special account.
2. Investment Plan and Usage of Raised Funds
According to the investment projects and usage plan disclosed in the prospectus for the initial public offering of Zhonglun New Materials Co., Ltd., and after being reviewed and approved by the independent directors of the second board at the second special meeting of 2024, the third meeting of the second board, the third meeting of the second supervisory board, and the first extraordinary shareholders' meeting of 2024, the proposal on adjusting the amount of raised funds to be invested in the projects was approved. The company's investment projects and usage plan for raised funds are as follows: