Jinchun Corporation intends to raise 300 million in idle funds for cash management to improve fund efficiency.

On September 26, 2025, Anhui Jinchun Nonwoven Fabric Co., Ltd. held a meeting to review and approve the proposal to use up to 300 million yuan of idle raised funds for cash management. The company conducted its initial public offering of stocks in 2020, raising a net amount of 846,680,800 yuan. Currently, due to the progress in the construction of the project for which the funds were raised, a portion of the funds is temporarily idle. The cash management investment products selected are low-risk, highly liquid, capital-guaranteed financial products with a maturity not exceeding 12 months. The validity period is 12 months, and the funds can be used repeatedly within the approved limit. Although there are risks such as macroeconomic fluctuations, the company will take multiple measures to control them. This measure aims to improve the efficiency of fund utilization, increase returns, and will not affect daily operations or project building. It has received support from the board of directors, supervisory board, and sponsoring institutions.