Guangxin Technology has invested 15 million yuan in cash management, with a total of 280 million yuan in idle funds that have not yet matured.

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Hunan Guangxin Technology Co., Ltd. (Stock Code: 920037, Stock Abbreviation: Guangxin Technology) announced on March 19, 2026, that it disclosed the recent progress of using some idle raised funds and its own funds for cash management. The company spent a total of 15 million yuan to purchase structured deposit products from banks, including 10 million yuan from idle raised funds and 5 million yuan from its own funds.

The announcement shows that as of now, the company’s unused balance of idle raised funds for cash management is 159.4 million yuan, accounting for 31.05% of the company’s audited net assets for 2024; the unused balance of idle self-owned funds is 120.6 million yuan, accounting for 23.49% of the company’s audited net assets for 2024. The total unused balance is 280 million yuan, exceeding 54% of the company’s net assets.

Details of this entrusted financial management

The two structured deposit products purchased by the company are both from Shanghai Pudong Development Bank Co., Ltd., Changsha Branch, with details as follows:

The company states that the market risk of these bank-structured deposit products is relatively low, meeting requirements for high safety, good liquidity, and principal safety, and do not involve disguised changes in the use of raised funds or affect the normal progress of the fundraising investment plan.

Background of cash management authorization

Referring to previous announcements, Guangxin Technology’s Fifth Board of Directors, 13th Meeting, and Fifth Supervisory Committee, 10th Meeting, as well as the 2024 Annual Shareholders’ Meeting held on April 18, 2025, approved the proposal on “Using Idle Funds for Cash Management,” agreeing to use a quota of no more than 100 million yuan (including this amount) of its own idle funds to purchase cash management products.

Subsequently, on July 31, 2025, the company held the Fourth Meeting of the Sixth Board of Directors and the Fifth Meeting of the Sixth Supervisory Committee, further approving the proposal on “Using Idle Raised Funds for Cash Management” and “Using Self-owned Idle Funds for Cash Management,” agreeing to use up to 180 million yuan (including this amount) of temporarily idle raised funds for cash management, and increasing the quota for using no more than 100 million yuan (including this amount) of self-owned idle funds. The funds are to be used within 12 months from the date of board approval and can be reused within the quota and period.

The Board has authorized the Chairman to exercise related investment decision-making powers and sign relevant documents. The Finance Department is responsible for organizing and implementing the specific procedures. The company’s sponsor, Dongxing Securities Co., Ltd., has issued an unqualified verification opinion on this matter.

Current unused entrusted financial management

As of the date of this announcement, the unused entrusted financial management is as follows:

Risk Control and Reminder

The company states that it has established a sound internal risk control mechanism for entrusted financial management, which will monitor and analyze the investment products and project progress in a timely manner. If any adverse factors are identified or suspected, appropriate protective measures will be taken promptly to control investment risks. Independent directors and the audit committee have the right to supervise and inspect the use of funds, and may hire professional agencies for audits if necessary.

Meanwhile, the company reminds investors that although these products have been carefully selected and evaluated, the financial market is greatly affected by macroeconomic factors. Market fluctuations may impact these investments, so investors should be aware of the risks involved.

The company will fulfill its disclosure obligations in accordance with the relevant regulations of the Beijing Stock Exchange.

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