Shenchi Electromechanical Co., Ltd. Announcement on the Redemption of Cash Management Using Part of Idle Raised Funds Upon Maturity

MaticHoleFiller · 2026-03-27T02:51:39+00:00

Shenchi Electromechanical announced the use of idle raised funds for cash management, redeeming the large fixed-term deposit purchased from Chongqing Rural Commercial Bank, recovering principal of 50 million yuan and realizing a profit of 41,700 yuan. The board of directors confirms that the information is true and accurate.

MaticHoleFiller

2026-03-27 02:51:39

Abstract generation in progress

Securities Code: 603109
Securities Abbreviation: Shenchi Mechanical and Electrical
Announcement No.: 2026-006

Shenchi Mechanical and Electrical Co., Ltd.

Announcement on the Maturity Redemption of Part of the Idle Raised Funds for Cash Management

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.

On August 26, 2025, the company held the sixth meeting of the fifth board of directors and the fifth meeting of the fifth supervisory committee. The meetings approved the proposal on using idle raised funds for cash management. It was agreed that the company could use no more than 200 million RMB of temporarily idle raised funds for cash management within 12 months from the date of approval by the board, to purchase high-security, highly liquid, principal-protected financial products. The above quota can be rolled over. The sponsor institution has expressed clear approval of this matter. For details, please refer to the company’s “Announcement on Using Idle Raised Funds for Cash Management” disclosed on the Shanghai Stock Exchange website on August 28, 2025 (Announcement No.: 2025-056).

Basic situation of this redemption upon maturity

On February 18, 2026, the company used idle raised funds to purchase a large deposit certificate worth 50 million RMB from Chongqing Rural Commercial Bank Beibei Branch. The large deposit certificate was recently redeemed, recovering the principal of 50 million RMB and earning a profit of 41,700 RMB.

The company’s recent twelve months’ cash management using raised funds as of the date of this announcement

Unit: 10,000 RMB

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This announcement is hereby made.

Shenchi Mechanical and Electrical Co., Ltd. Board of Directors
March 19, 2026

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