联瑞新材募资项目增资子公司，闲置资金进行现金管理

Company Project Advancement - The company approved an investment of 240 million yuan in its wholly-owned subsidiary, Lianrui New Materials (Lianyungang) Co., Ltd., to implement the "High Thermal Conductivity High Purity Spherical Powder Material Project" [2] - Following the capital increase, the subsidiary's registered capital will rise from 350 million yuan to 590 million yuan [2] - The raised funds were received on January 14, 2026, and a special supervision agreement has been signed [2] Financial Status - The company has approved the use of up to 600 million yuan of idle raised funds for cash management, specifically to purchase high-security, high-liquidity bank financial products with a term not exceeding 12 months [3] - This decision has received consent from the sponsoring institution [3] Stock Recent Trends - On February 2, 2026, the company's stock price experienced fluctuations, with a financing balance of 367 million yuan, representing a high proportion of the circulating market value [4] - Fund holding data indicates that products from Huaxia Fund and Galaxy Fund have significant positions in this stock [4]