Qiangbang New Materials: Progress Announcement on Using Part of Idle Raised Funds to Purchase Financial Products

2026-04-09 20:43:40

Securities Daily Online News: On April 7, Kangbang New Materials announced that the company used part of its idle raised funds of 7 million yuan to purchase a capital-protected floating income financial product from China Merchants Bank Shanghai Jiading Branch, called “China Merchants Bank Wisdom Series Bearish Two-Range 27-Day Structured Deposit.” The product’s start date is April 3, 2026, and the maturity date is April 30, 2026, with an expected annualized return of 1.0% or 1.47%. As of the date of this announcement, the total amount and term of the financial products purchased with idle raised funds by the company and its subsidiaries that have not yet matured do not exceed the scope authorized by the shareholders’ meeting.

(Edited by Cong Kexin)

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