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江苏国泰: 关于终止使用部分闲置自有资金设立子公司开展证券投资的公告

Core Viewpoint - The company has decided to terminate the use of RMB 1.5 billion of idle self-owned funds to establish a subsidiary for securities investment, focusing on its main business and enhancing investor returns [1][2]. Group 1: Termination of Securities Investment - The company held a board meeting on August 24, 2025, where it approved the proposal to terminate the establishment of a subsidiary for securities investment using idle funds [1]. - The decision is based on considerations to further focus on the main business, cautious investment, and improving investor dividend returns [2]. Group 2: Previous Securities Investment - Previous securities investments included participation in the non-public issuance of A-shares of Shanghai Shenda Co., Ltd., which aligns with the company's main business [2]. - The company’s subsidiary, Guoyu Co., Ltd., obtained shares of Longfor Green Management at zero cost as part of asset distribution [2]. - In 2023, Jiangsu Ruitai New Energy Materials Co., Ltd., a subsidiary, participated in the non-public issuance of A-shares of Tianji New Energy Technology Co., Ltd., which is a supplier to Jiangsu Ruitai [2]. Group 3: Impact of Termination - The termination of securities investment is expected to help the company further focus on its main business and enhance investor returns, ultimately aiming for higher investment returns for the company and its shareholders [2].