Chunhui Smart Control invests 30 million yuan of idle proprietary funds in cash management, with an expected maximum annual return of 3.50%.

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Zhejiang Chunhui Intelligent Control Co., Ltd. (Stock Code: 300943, Stock Abbreviation: Chunhui Smart Control) recently announced that it has disclosed the progress of using part of its idle funds for cash management. The company invested a total of 30 million yuan of idle funds, purchasing two financial products issued by CITIC Securities Co., Ltd. and China Foreign Economy and Trade Trust Co., Ltd.

The announcement shows that the company held the 14th meeting of the 9th Board of Directors on February 11, 2026, and the first extraordinary general meeting of 2026 on February 27, 2026, during which the proposal for using part of idle funds for cash management was approved. According to the proposal, the company agrees to use no more than 200 million yuan (including this amount) of idle raised funds and the company and its subsidiaries to use no more than 450 million yuan (including this amount) of idle self-owned funds for cash management, valid for 12 months from the date of approval by the shareholders’ meeting. Within the above limits and period, the funds can be used cyclically.

Details of this use of idle self-owned funds for cash management are as follows:

The company states that there is no related relationship with the above trustees. The amount for cash management is within the approval limit of the shareholders’ meeting and does not require further approval from the board or shareholders.

Regarding investment risks and risk control measures, Chunhui Smart Control pointed out that although the financial products have undergone strict evaluation, the financial market is greatly affected by macroeconomic factors. There is a possibility that this investment could be impacted by market fluctuations, and short-term investment returns are unpredictable. There are also risks of staff misconduct and supervision failure. To manage these risks, the company will adhere strictly to prudent investment principles, analyze and track the investment directions of financial products in a timely manner, conduct daily supervision through the internal audit department, have the audit committee and independent directors oversee and inspect, and ensure timely disclosure of information.

Chunhui Smart Control emphasizes that, in compliance with national laws and regulations, and ensuring that the normal progress of the company’s fundraising projects and the safety of funds are not affected, it will use part of its idle funds for cash management. This will not impact the company’s normal production and operation. Proper cash management can improve capital utilization efficiency, generate certain investment returns, and create more investment benefits for shareholders.

Additionally, the announcement discloses the situation of the company’s use of idle raised funds and idle self-owned funds for cash management in the past twelve months, involving products from institutions such as CITIC Bank, Bank of Ningbo, China Foreign Economy and Trade Trust, East Money Securities, Caitong Securities Asset Management, Hangzhou Bank, Caitong Fund Management, etc. The detailed investment amounts and realized returns are listed in the announcement.

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