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WeiShi Electronics: Announcement on Temporarily Using Idle Raised Funds to Supplement Working Capital
Securities Daily News reported that on March 6, Weishi Electronics announced that on March 5, 2026, the company held the 10th meeting of the third board of directors. The meeting reviewed and approved the proposal on “Using Idle Raised Funds to Temporarily Supplement Working Capital.” To improve the efficiency of fund utilization, reduce financial expenses, lower operating costs, and protect the interests of the company and investors, the company agreed to use no more than RMB 150 million of idle raised funds to temporarily supplement working capital. The usage period shall not exceed 12 months from the date of approval by the board of directors, provided that the investment project construction and fund usage plans are not affected.
(Edited by Ren Shibi)