Yongjie New Materials Plans to Use 350 Million Yuan of Idle Raised Funds for Cash Management

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On March 17, Yongjie New Materials Co., Ltd. (Stock Code: 603271, Stock Abbreviation: Yongjie New Material) announced the resolution of the 17th meeting of the fifth board of directors, approving the proposal on using part of temporarily idle raised funds for cash management. The company’s board of directors agreed, under the premise of ensuring no impact on the construction of fundraising projects and normal operations, to use up to 350 million yuan of temporarily idle raised funds for cash management to improve capital efficiency, increase cash asset returns, and maximize shareholder interests.

The announcement shows that the 17th meeting of the fifth board of Yongjie New Material was held on March 16, 2026, at the company’s conference room through a combination of on-site and remote participation. The notice of the meeting was sent to all directors via communication on March 6, 2026. The meeting was convened and chaired by Chairman Shen Jianguo, with 7 directors present in person, and senior management personnel attended as observers. The procedures for convening, holding, and voting at the meeting complied with the Company Law of the People’s Republic of China and other relevant laws, regulations, and the company’s articles of association.

After deliberation and voting by the attending directors, the proposal on using part of temporarily idle raised funds for cash management was approved unanimously, with a voting result of 7 votes in favor, 0 abstentions, and 0 against.

The company stated that using temporarily idle raised funds for cash management aims to improve capital utilization efficiency while ensuring the safety of raised funds and not affecting project construction. This matter does not require submission to the shareholders’ meeting for approval, and the company’s sponsor institution has issued a clear and unopposed special verification opinion.

For details, please refer to the proposal titled “Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management” published on the same day on the Shanghai Stock Exchange website and designated information disclosure media (Announcement No.: 2026-012).

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