Tongling Co., Ltd. used 10 million yuan of idle raised funds to purchase income certificates, with an accumulated unexpired balance of 43 million yuan.

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【Financial Network News】On March 20, Tongling Co., Ltd. (301168) announced that on March 17, the company used 10 million yuan of idle raised funds to purchase yield certificates from Guotai Haitong Securities Co., Ltd. This investment is an important measure for the company to improve capital utilization efficiency while ensuring that the construction of fundraising projects is not affected.

The announcement shows that the company held a board meeting on December 23, 2025, and an extraordinary shareholders’ meeting on January 9, 2026, to review and approve the “Proposal on Using Part of Idle Raised Funds and Own Funds for Cash Management,” agreeing to use no more than 100 million yuan of idle raised funds for cash management. The investment period is within 12 months from the date of approval at the first extraordinary shareholders’ meeting in 2026, and funds can be cycled and rolled over.

Details of this cash management

The company emphasizes that there is no related-party relationship with Guotai Haitong Securities, and this transaction does not constitute a related-party transaction. The quota and duration are within approval scope, and no further approval from the board or shareholders is required.

Risk Control and Fund Management

Tongling Co., Ltd. states that this cash management strictly follows principles of high safety, good liquidity, and low risk. The investment products have a term of no more than 12 months or are transferable and can be withdrawn early. The company has established comprehensive risk control measures, including strict pre-approval and risk assessment, continuous monitoring of investment products, independent director supervision, and timely disclosure of information.

The announcement states that using idle raised funds for cash management will not affect the company’s daily operations or the normal progress of fundraising project construction. There is no disguised change in the use of raised funds, which helps improve capital efficiency and realize the preservation and appreciation of cash.

Cash Management in the Past Year

In the past twelve months, the company has had 13 matured cash management products with a total subscription amount of 365.5 million yuan, all of which have been redeemed. As of the date of this announcement, there are 4 ongoing cash management products using idle raised funds, with a total balance of 43 million yuan, not exceeding the 100 million yuan authorization from shareholders.

Tongling Co., Ltd. states that in the future, it will continue to conduct cash management within the authorized quota and duration based on the idle funds situation, to generate more investment returns for the company and shareholders.

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