Chenhua Co., Ltd. Invests 50 Million Yuan to Purchase Financial Products with Maximum Annual Yield of 3.58%

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Yangzhou Chenhua New Materials Co., Ltd. (Stock code: 300610,简称 “Chenhua Co.”) recently announced that the company and its subsidiaries used idle funds to purchase financial products totaling 50 million yuan. This investment is a measure taken by the company to improve capital efficiency while ensuring the safety of daily operating funds.

According to the announcement, Chenhua Co. approved the “Proposal on Using Idle Funds for Cash Management” at the 2024 Annual Shareholders Meeting held on May 13, 2025. The company and its subsidiaries are allowed to use no more than 1.2 billion yuan of idle funds for cash management, without affecting normal operations, from the date the proposal was approved at the 2024 shareholders meeting until the next shareholders meeting in 2025.

Details of the purchased financial products are as follows:

The company states that this use of idle funds to purchase financial products is implemented under the premise of ensuring normal company operations and fund safety, and will not affect the normal circulation of operational funds or the main business activities. Moderate investment in financial products can improve capital utilization, achieve better investment returns, further enhance overall performance, and protect shareholders’ interests.

Regarding risk control, the company’s CFO is responsible for organizing implementation, and relevant financial personnel will analyze and track progress in a timely manner. If potential risks that could affect the company’s fund safety are identified, appropriate measures will be taken promptly. The company’s audit department is responsible for internal supervision and will regularly review the invested financial products. Independent directors and the audit committee have the right to supervise and inspect fund usage, and may hire professional agencies for audits if necessary.

The announcement also disclosed the company’s purchases of financial products with idle funds over the past twelve months, showing multiple similar investments involving collective asset management plans from institutions such as Galaxy Jin Hui Securities, Nanjing Securities, AVIC Securities, and Kaiyuan Securities. Most products have expected annualized returns between 3.10% and 3.50%.

Chenhua Co.'s board of directors and all members guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions. The company will comply with relevant regulations of the Shenzhen Stock Exchange to ensure proper disclosure.

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