Glow Light Bright uses 24 million yuan of idle raised funds to purchase principal-protected brokerage financial products, with an outstanding balance of 42 million yuan before maturity

Zhejiang Night Bright Optoelectronic Technology Co., Ltd. (Stock Code: 920527, Stock Abbreviation: Night Bright) announced on April 2, 2026, the latest progress on the company’s use of part of its idle raised funds for cash management. The company spent 24 million yuan to purchase a principal-protected brokerage wealth management product. As of now, the remaining balance of the raised funds used for cash management that has not yet matured has reached 42 million yuan.

The announcement shows that the 15th meeting of the fourth board of directors held on January 11, 2026, approved the proposal on “Using Part of Idle Raised Funds for Cash Management.” According to this proposal, the company plans to use no more than 55 million yuan of idle raised funds for cash management, with the funds able to be reused within the above limit in a rolling manner, and the investment period not exceeding 12 months. The investment products must meet requirements such as high safety, good liquidity, and the ability to ensure the safety of the principal, including wealth management products, fixed deposits, structured deposits, negotiated deposits, and large transferable certificates of deposit. This investment activity is within the scope of the board’s authorization and is valid for 12 months from the date of approval.

The specific details of this cash management are as follows:

Night Bright states that the principal-protected brokerage wealth management product purchased with temporarily idle raised funds this time meets the requirements for high safety and good liquidity, does not involve covert changes in the use of raised funds, does not affect the normal progress of the company’s fundraising projects, and does not constitute a related-party transaction. The company’s board has conducted necessary investigations into the basic situation, credit status, and transaction performance capability of the trustee, Hu’an Securities Co., Ltd., and believes that its situation is good and it has the ability to fulfill its transaction commitments.

In terms of risk control, the company will strictly follow relevant regulations such as the “Fundraising Management System” to make decisions, manage, inspect, and supervise the cash management of idle raised funds, strictly control risks, and ensure the safety of funds. At the same time, it is clarified that investment products must not be pledged, and the dedicated settlement accounts for the products must not hold non-raising funds or be used for other purposes.

Additionally, the announcement discloses the company’s cash management that has already matured. Among them, the “Caizhi Zunxiang Success Road No. 26” brokerage wealth management product, which matured on March 24, 2026, with a principal of 24 million yuan, has been fully recovered. The product’s annualized return is 1.69%, the source of funds is raised funds, and the trustee is also Hu’an Securities Co., Ltd., which does not constitute a related-party transaction.

According to the relevant provisions of the “Stock Listing Rules of Beijing Stock Exchange,” transactions with a trading amount exceeding 10% of the company’s most recent audited net assets and over 10 million yuan must be disclosed. The 24 million yuan of cash management conducted by Night Bright this time, as well as the total remaining balance of 42 million yuan that has not yet matured, are all within the company’s board-authorized limit of 55 million yuan.

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