Chongqing Zaisheng Technology Co., Ltd. Announcement of Resolutions of the 31st Meeting of the Fifth Board of Directors

2026-04-02 02:28:27

Stock code: 603601 Stock abbreviation: ZaiSheng Technology Announcement No.: Lin 2026-027

Chongqing ZaiSheng Technology Co., Ltd.

Resolution Announcement of the 31st Meeting of the Fifth Session of the Board of Directors

The board of directors of the Company and all of its directors warrant that there are no false records, misleading statements, or material omissions in the contents of this announcement, and they assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

I. Proceedings for convening the board meeting:

Chongqing ZaiSheng Technology Co., Ltd. (hereinafter referred to as the “Company”) issued the notice of the 31st meeting of the fifth session of the board of directors on March 27, 2026 by methods including fax, telephone, email, or hand delivery. The meeting was held on March 31, 2026 by way of communication voting. A total of 8 directors were required to attend, and 8 directors actually attended. The meeting was presided over by Mr. Guo Mao, Chairman of the Board. The procedures for convening, holding, voting, and the matters considered at the meeting comply with the provisions of the “Company Law of the People’s Republic of China,” the “Securities Law of the People’s Republic of China,” and the “Articles of Association of Chongqing ZaiSheng Technology Co., Ltd.,” etc., and the meeting is lawful and effective.

II. Matters considered at the board meeting:

Considered and approved “Proposal on Revising the Company’s ”

In order to further improve the utilization efficiency of the Company’s idle funds, effectively prevent risks arising from fund operations, and in light of current capital market regulatory requirements, industry practices and development, and the actual situation of the Company’s business management, the Company plans to revise the “Cash Management Product Management System (April 2025 Revision).” This revision maintains the core framework of the original system unchanged. The main updates are to optimize and improve the investment scope for cash management products, make corresponding adjustments to the system contents according to the latest regulatory documents, and revise the system name to the “Cash Management System of Chongqing ZaiSheng Technology Co., Ltd.” The revised system complies with the “Company Law of the People’s Republic of China,” the “Securities Law of the People’s Republic of China,” the “Rules for the Supervision of Listed Companies’ Fundraising by Proceeds,” and other relevant laws and regulations and the Company’s articles of association.

For details, please refer to the “Cash Management System of Chongqing ZaiSheng Technology Co., Ltd.” disclosed by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn).

Voting result: 8 votes in favor, 0 votes against, 0 votes abstained.

Considered and approved “Proposal on Using a Portion of Temporarily Idle Own Funds for Cash Management”

For details, please refer to the “Announcement of Chongqing ZaiSheng Technology Co., Ltd. on Using a Portion of Temporarily Idle Own Funds for Cash Management” disclosed by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn) (Announcement No.: Lin 2026-028).

The Company’s board of directors’ audit committee has considered and approved this proposal in advance and agreed to submit it to the board of directors for review.

Voting result: 8 votes in favor, 0 votes against, 0 votes abstained.

This is hereby announced.

Chongqing ZaiSheng Technology Co., Ltd.

Board of Directors

April 1, 2026

Stock code: 603601 Stock abbreviation: ZaiSheng Technology Announcement No.: Lin 2026-029

Chongqing ZaiSheng Technology Co., Ltd.

Progress Announcement on Using a Portion of Temporarily Idle Own Funds

for Cash Management

Important matters to note:

● Basic information

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● Risk warning

The financial management products purchased in this transaction are products with high safety, good liquidity, and lower risk. However, the financial market is greatly affected by macroeconomic conditions. It cannot be ruled out that the financial management products may be affected by factors such as market risk, credit risk, policy risk, liquidity risk, and force majeure risk, which may cause fluctuations in the rate of return of the financial management products. Financial management returns are subject to uncertainty. Investors are kindly requested to pay attention to the risks.

I. Details on redemption upon maturity of the cash management products

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II. Basic information on cash management

(A) Procedures for deliberation that have been fulfilled

Chongqing ZaiSheng Technology Co., Ltd. (hereinafter referred to as the “Company” or “ZaiSheng Technology”) held, on September 17, 2025, respectively the 6th meeting of the audit committee of the fifth session of the board of directors in 2025 and the 26th meeting of the fifth session of the board of directors. They reviewed and approved the “Proposal on Using a Portion of Temporarily Idle Own Funds for Cash Management,” and agreed that, subject to ensuring the Company’s daily fund operation needs and fund safety, the Company would use temporarily idle own funds of no more than RMB 60,000 million for cash management to purchase financial management products with high safety, good liquidity, and lower risk. The management term shall not exceed 12 months from the date the board of directors approves the matter. Within the above quota, funds may be used on a rolling basis. For details, please refer to the “Announcement of ZaiSheng Technology on Using a Portion of Temporarily Idle Own Funds for Cash Management” (Announcement No.: Lin 2025-078) published by the Company on September 18, 2025 on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the designated information disclosure media.

(B) Purpose of cash management

Under the premise of ensuring the Company’s daily fund operation needs and fund safety, using a portion of temporarily idle own funds for low-risk short-term financial management products can further improve the utilization efficiency of the Company’s own funds and is beneficial for increasing the Company’s returns.

All funds used by the Company for cash management in this transaction are a portion of the Company’s temporarily idle own funds.

III. Cash management in this transaction

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IV. Impact on the Company and measures to address it

(A) Impact on the Company

The total amount of the financial management purchase in this transaction is RMB 40 million. The Company, while ensuring daily operations and fund safety, will use idle own funds for financial management. This will not affect the Company’s normal needs for day-to-day fund circulation and will not affect the normal development of its main business. Through appropriate cash management of temporarily idle own funds, it is conducive to improving the utilization efficiency of own funds and can generate certain investment returns, in line with the interests of all shareholders. The above-mentioned financial management activities will not cause a major impact on the Company’s future main business, financial position, or operating results.
The structured deposit products purchased in this transaction are included in the balance sheet item “financial assets at fair value through profit or loss,” and the returns of structured deposit products are included in the income statement item “investment income.”

(B) Risk control measures

The Company will promptly analyze and monitor the status of financial management products. Once any unfavorable factors are found or judged, the Company will timely report to the board of directors and promptly take corresponding preservation measures to control risks. If major unfavorable factors occur, such as deterioration of the financial condition of the issuer of the product or the returns from the purchased product significantly falling below expectations, the Company will promptly make disclosures;
The Company has formulated the “Cash Management Product Management System.” Clear provisions have been made regarding approval authority and decision-making procedures, daily management and reporting systems, as well as risk control and information disclosure, etc., to further standardize the daily management of the Company’s cash management products, ensure the safety of the Company’s funds and property, effectively prevent investment risks, and safeguard the legitimate rights and interests of shareholders and the Company;
The Company’s internal audit department is responsible for auditing the Company’s cash management business and for supervising and verifying the accounting treatment by the finance department. The internal audit department shall conduct a comprehensive inspection of financial management products at the end of each quarter and report to the audit committee of the board of directors;
The audit committee of the board of directors conducts daily inspections of the above-mentioned financial management products purchased using idle own funds;
Independent directors have the right to supervise and inspect the operational status of the above-mentioned financial management products purchased using idle own funds, and if necessary, they may engage professional institutions to conduct audits;
The Company will, in accordance with the relevant provisions of the Shanghai Stock Exchange, disclose the progress of the purchase and returns of financial management products, and disclose, in periodic reports, the cash management investments during the reporting period and the corresponding profit or loss.

The products purchased for the Company’s cash management in this transaction are non-principal-protected, floating-return financial management products. The risk level of this product is relatively low and meets the requirements of the Company’s internal fund management.

V. Risk warning

The underlying targets purchased for cash management by the Company using a portion of temporarily idle own funds are financial management products with high safety, good liquidity, and lower risk. However, the financial market is greatly affected by macroeconomic conditions. It cannot be ruled out that such financial management products may be affected by factors including market risk, credit risk, policy risk, liquidity risk, force majeure risk, etc., leading to fluctuations in the rate of return of the financial management products, and financial management returns are subject to uncertainty. Investors are kindly requested to pay attention to the risks.

VI. As of the date of this announcement, the Company’s cash management using its own funds during the most recent twelve months

Unit: RMB ten thousand yuan

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This is hereby announced.

Board of Directors of Chongqing ZaiSheng Technology Co., Ltd.

April 1, 2026

Stock code: 603601 Stock abbreviation: ZaiSheng Technology Announcement No.: Lin 2026-028

Chongqing ZaiSheng Technology Co., Ltd.

Announcement on Using a Portion of Temporarily Idle Own Funds

for Cash Management

Important matters to note:

● Basic information

■

● Procedures for deliberation that have been fulfilled

On March 31, 2026, Chongqing ZaiSheng Technology Co., Ltd. (hereinafter referred to as the “Company” or “ZaiSheng Technology”) held the 2nd meeting of the audit committee of the fifth session of the board of directors in 2026 and the 31st meeting of the fifth session of the board of directors consecutively. They reviewed and approved the “Proposal on Using a Portion of Temporarily Idle Own Funds for Cash Management.” It was agreed that, provided that the normal development of the main business is not affected, production and operating capital needs are ensured, and risks are effectively controlled, the Company will use temporarily idle own funds with an amount not exceeding RMB 80,000 million (inclusive) for cash management to purchase investment products sold by financial institutions with risk that can be controlled, high safety, good liquidity, and with legitimate operating qualifications. The board of directors authorized the chairman to exercise this decision-making authority and sign the related legal documents; the finance department of the Company is responsible for organizing and implementing the specific matters. The authorization period is within 12 months from the date this matter is approved by the board of directors. Within the above usage period and quota, the funds may be used on a revolving and rolling basis. This proposal does not require submission to the Company’s shareholders’ meeting for review.

● Special risk warning

The underlying targets purchased for cash management by the Company using a portion of temporarily idle own funds are investment products sold by financial institutions that have controllable risk, high safety, good liquidity, and legitimate operating qualifications. The overall risk is controllable. However, the financial market is greatly affected by macroeconomic conditions. It cannot be ruled out that the relevant investment products may be affected by factors including market risk, credit risk, policy risk, liquidity risk, force majeure risk, etc., resulting in fluctuations in the rate of return of the investment products and even loss of principal. The Company will, in a timely and appropriate manner, carry out cash management activities based on the economic situation and changes in the financial market. Investors are kindly requested to pay attention to the risks.

I. Overview of investment

(A) Investment purpose

To improve the efficiency of capital use and maximize shareholders’ benefits, under the premise of not affecting the normal development of the main business, ensuring daily production and operating capital needs, and effectively controlling risks, the Company intends to use a portion of temporarily idle own funds for cash management to further improve the efficiency of the Company’s own funds and is beneficial for increasing the Company’s returns.

(B) Investment amount

At any point during the authorized investment period, the investment amount of the Company (including the relevant amounts from reinvestment of the investment returns from the above investments) shall not exceed RMB 80,000 million (inclusive).

The funds used by the Company for cash management are all temporarily idle own funds.

(D) Investment method

Types of investment products

The Company, under the premise of controlling investment risks, will use idle own funds to purchase investment products sold by financial institutions with controllable risk, high safety, good liquidity, and with legitimate operating qualifications (including but not limited to structured deposits, large-denomination certificates of deposit, bank wealth management products, government bond reverse repos, money market funds, broker wealth management products, broker yield certificates, trust wealth management products, and other investment products that comply with laws and regulations or regulatory requirements of the China Securities Regulatory Commission, etc.). The investment products for cash management must comply with the relevant rules and regulations such as the “Shanghai Stock Exchange Stock Listing Rules,” the “Articles of Association,” and the “ZaiSheng Technology Cash Management System,” etc.

Distribution of cash management earnings

The Company owns the earnings obtained from cash management using temporarily idle own funds, which will be used to replenish the Company’s working capital.

Specific implementation methods

The board of directors authorizes the chairman of the Company to exercise investment decision-making authority and sign the relevant contract documents within the above authorization period and quota. The specific matters shall be organized and implemented by the Company’s finance department.

(E) Investment term

The investment term for this transaction is valid within 12 months from the date the board of directors approves the matter. During the investment term, the above quota may be used on a rolling basis.

II. Procedures for deliberation

On March 31, 2026, the Company held the 2nd meeting of the audit committee of the fifth session of the board of directors in 2026 and the 31st meeting of the fifth session of the board of directors consecutively. They reviewed and approved the “Proposal on Using a Portion of Temporarily Idle Own Funds for Cash Management.” It was agreed that, under the premise of not affecting the normal development of the main business and ensuring daily operating capital needs, and for further improving the efficiency of capital utilization and the level of returns, the Company will use temporarily idle own funds with a quota not exceeding RMB 80,000 million for cash management, to purchase investment products sold by financial institutions with controllable risk, high safety, good liquidity, and legitimate operating qualifications (including but not limited to bank wealth management products, broker wealth management products, and other investment products, etc.). The authorization period is within 12 months from the date this matter is approved by the board of directors. Within the above usage period and quota, the funds may be used on a revolving and rolling basis. Within the authorization period and the authorized quota, the board of directors authorizes the chairman to exercise this decision-making authority and sign the relevant legal documents. The specific matters shall be organized and implemented by the Company’s finance department. This proposal does not require submission to the Company’s shareholders’ meeting for review.

III. Analysis of investment risks and risk control measures

(A) Investment risks

To control risks, when the Company carries out cash management, it chooses investment products sold by financial institutions with controllable risk, high safety, and good liquidity, with legitimate operating qualifications. The overall risk is controllable. However, the financial market is greatly affected by macroeconomic conditions. It cannot be ruled out that relevant investment products may be affected by factors including market risk, credit risk, policy risk, liquidity risk, force majeure risk, etc., resulting in fluctuations in the rate of return of the investment products and even loss of principal.

(B) Risk control measures

The Company will promptly analyze and monitor investment product information. Once any unfavorable factors are found or judged, it will promptly report to the board of directors, promptly take corresponding preservation measures to control risks. If major unfavorable factors occur, such as deterioration of the financial condition of the issuer of the product or the returns from the purchased product significantly falling below expectations, the Company will promptly make disclosures;
The Company has formulated the “ZaiSheng Technology Cash Management System.” It has made explicit provisions from the aspects of approval authority and decision-making procedures, daily management and reporting systems, as well as risk control and information disclosure, etc., to further standardize the daily management of the Company’s cash management products, ensure the safety of the Company’s funds and property, effectively prevent investment risks, and safeguard the legitimate rights and interests of shareholders and the Company;
The Company’s internal audit department is responsible for auditing the Company’s cash management business, and for supervising and verifying the accounting treatment by the finance department. The internal audit department shall conduct a comprehensive inspection of financial management products at the end of each quarter and report to the audit committee of the board of directors;
The audit committee of the board of directors conducts daily inspections of the above-mentioned purchase of investment products using temporarily idle own funds;
Independent directors have the right to supervise and inspect the operational status of the above-mentioned purchase of investment products using temporarily idle own funds. If necessary, they may engage professional institutions to conduct audits;
The Company will disclose, in accordance with the relevant provisions of the Shanghai Stock Exchange, the progress of the purchase and returns of financial management products, and disclose in periodic reports the cash management investments during the reporting period and the corresponding profit or loss.

IV. Impact on the Company

(A) The Company’s cash management using temporarily idle own funds is carried out on the premise that it complies with national laws and regulations, ensures that it will not affect the Company’s daily operations and fund safety. It will not affect the Company’s needs for normal day-to-day fund turnover and will not affect the normal development of its main business.

(B) Appropriately and timely carrying out cash management for temporarily idle own funds helps improve the efficiency of capital use, can obtain certain investment returns, and seeks more investment returns for the Company and its shareholders.

© The Company’s purchases of cash management products will be handled in accordance with the provisions of “Accounting Standard for Business Enterprises No. 22—Recognition and Measurement of Financial Instruments.” The final accounting treatment will be based on the accounting treatment confirmed by the accounting firm.

This is hereby announced.

Board of Directors of Chongqing ZaiSheng Technology Co., Ltd.

April 1, 2026

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