Meeting Overview - The 17th meeting of the 9th Supervisory Board of Hangzhou Iron & Steel Co., Ltd. was held on July 10, 2025, via communication methods, with all three supervisors present, complying with the Company Law and Articles of Association [1][2] Investment Plan - The Supervisory Board approved an investment plan allowing the company and its wholly-owned subsidiary, Ningbo Steel Co., Ltd., to use up to RMB 1.9 billion of idle funds for entrusted financial management [1] - The investment will focus on high credit-rated, safe, and liquid financial products issued by major domestic commercial banks, including "T+1" bank wealth management products and structured deposits [1] - The investment period is set for one year from the date of approval by the Board of Directors, with funds allowed to be recycled within the approved limit [1]

Core Viewpoint - The company plans to invest up to RMB 1.9 billion in wealth management products to enhance the returns on idle funds while ensuring safety and liquidity [1][2][4]. Group 1: Wealth Management Overview - The entrusted wealth management will be conducted through large domestic commercial banks, focusing on high credit rating, safety, and liquidity [1][2]. - The total amount for entrusted wealth management is capped at RMB 1.9 billion, with funds being able to be rolled over within this limit [1][2]. - The investment period for the entrusted wealth management is set for one year from the date of board approval [1][2]. Group 2: Purpose and Source of Funds - The purpose of the entrusted wealth management is to increase the returns on idle funds while maintaining safety and liquidity [1][2]. - The funds used for this investment will solely come from the company's idle self-owned funds, excluding any raised funds or bank loans [2]. Group 3: Investment Methodology - The company will invest in wealth management products issued by large domestic commercial banks, including "T+1" bank wealth management products and structured deposits [2]. - The company and the entrusted party do not have any related party relationships [2]. Group 4: Approval Process - The investment plan was approved in the 17th meeting of the 9th Board of Directors and the 17th meeting of the 9th Supervisory Board [1][2]. - The chairman of the board is authorized to make investment decisions and sign relevant contracts, with the financial director responsible for implementation [2]. Group 5: Risk Management - The financial department will select suitable wealth management products based on safety, duration, and yield, with the financial director's approval required [2]. - A ledger will be established to manage the wealth management products, with timely analysis and tracking of their progress [2]. - The audit department will oversee the use and custody of the wealth management funds [2]. Group 6: Impact on the Company - Utilizing part of the idle self-owned funds for entrusted wealth management is expected to preserve and increase the value of the company's funds, benefiting shareholders [4]. - This investment approach will not significantly impact the company's future business development, financial status, or operating results [4]. Group 7: Recent Wealth Management Activities - In the last twelve months, the company has invested RMB 1.8926371 billion in bank wealth management products, yielding RMB 18.4067 million [4]. - The highest single-day investment in the past year reached RMB 2 billion, accounting for 10.31% of the company's net assets [4].

Core Points - The company has established a system for managing entrusted financial management to control risks and improve investment returns for the benefit of the company and its shareholders [1][10] - The entrusted financial management involves using idle funds to invest in low-risk financial products through qualified financial institutions, ensuring safety and liquidity [1][2] - The company emphasizes a principle of "standardized operation, risk prevention, and cautious investment" in its financial management activities [1][2] Summary by Sections Chapter 1: General Principles - The system aims to regulate the company's entrusted financial management and ensure compliance with relevant laws and regulations [1] - Entrusted financial management is defined as the investment of idle funds in low-risk financial products to enhance asset returns while ensuring safety and liquidity [1][2] Chapter 2: Approval Authority and Execution Procedures - Approval for entrusted financial management is tiered based on the amount relative to the company's audited net assets, with specific thresholds for different levels of approval [2][3] - The company can estimate future investment ranges and amounts to streamline the approval process for frequent transactions [3] Chapter 3: Daily Management and Reporting System - The financial center is responsible for managing entrusted financial management, including planning, risk assessment, and compliance with approval processes [5][6] - Monthly reconciliations and reporting on the performance of financial products are required to ensure accurate tracking of returns and compliance with accounting standards [6][13] Chapter 4: Risk Control and Information Disclosure - The audit department supervises the entrusted financial management and conducts audits to verify fund usage [7] - The company must select qualified financial institutions and clearly define the terms of the entrusted financial management to mitigate risks [7][8] - Independent directors have the authority to supervise and audit the entrusted financial management activities [7][9] Chapter 5: Supplementary Provisions - The system will be effective upon approval by the board of directors and will be interpreted by the board [10][11]

Core Viewpoint - The company has approved the use of idle funds for entrusted wealth management to enhance capital efficiency and investment returns while ensuring operational needs are met [1][2][3] Investment Overview - The company will utilize up to RMB 4 billion of its idle funds for entrusted wealth management starting from July 1, 2025, with a maximum duration of 6 months [1][2] - The investment aims to improve the efficiency of fund usage and increase investment returns [2][3] Decision-Making Process - The board of directors and the supervisory board approved the proposal during their respective meetings on July 10, 2025, confirming that the decision does not require shareholder approval and does not constitute a related party transaction [2][3] Risk Analysis and Control Measures - The company acknowledges that the entrusted wealth management products are low-risk but may still be affected by macroeconomic fluctuations, facing risks such as yield volatility and liquidity [4] - Risk control measures include monitoring investment decisions, allowing independent directors and the supervisory board to oversee fund usage, and potentially hiring professional institutions for audits [4] Impact on the Company - The use of idle funds for wealth management will not affect the company's normal operational cash flow or its main business activities, and it is expected to enhance overall performance and shareholder returns [4]

Core Viewpoint - The company has approved the use of idle funds for cash management and investment in bank wealth management products, with a total limit of up to RMB 6.6 billion for idle funds and RMB 1.6 billion for self-owned funds, both with a maximum duration of 12 months [1][2][7]. Group 1: Use of Self-owned Funds for Wealth Management - The company has agreed to use up to RMB 1.6 billion of its self-owned funds to purchase short-term principal-protected bank wealth management products, with a duration not exceeding 12 months [1][2]. - The expected annualized returns for various products include rates of 1.00% to 2.35% depending on the specific bank and product type [2][3]. Group 2: Use of Idle Raised Funds for Cash Management - The company will utilize up to RMB 6.6 billion of temporarily idle raised funds for cash management, also with a maximum duration of 12 months [1][2]. - The company has engaged in various structured deposit products with expected annualized returns ranging from 1.00% to 2.15% [2][3]. Group 3: Financial Management and Oversight - The company has a structured approach to managing and auditing the use of funds, ensuring compliance with relevant regulations and internal policies [4][5]. - The audit department will conduct regular checks on the use and management of the funds, and independent directors will have oversight rights [5][6]. Group 4: Impact on Company Operations - The use of idle funds for wealth management is expected to enhance the efficiency of capital utilization and increase returns without affecting the company's normal operations [4][7]. - The company assures that the use of raised funds for cash management will not alter the intended use of those funds or harm the interests of investors [4][7].

Core Viewpoint - The company plans to utilize idle self-owned funds not exceeding RMB 500 million for structured deposits and financial products to enhance capital efficiency and generate greater economic benefits while ensuring normal operational liquidity [1][2][16]. Summary by Sections 1. Purpose of the Investment - The objective of the investment is to improve the efficiency of idle funds and increase returns without affecting the company's normal operations [2][15]. 2. Financial Details - The total amount for the entrusted financial products is RMB 200 million, with specific products including structured deposits from Shanghai Pudong Development Bank and China Merchants Bank [2][15]. - The expected annualized returns for the structured deposits range from 0.70% to 2.20% depending on the product [1][5]. 3. Product Information - The structured deposit products include: - Shanghai Pudong Development Bank's "利多多公司稳利 25JG3185" (1-month) and "利多多公司稳利 25JG3260" (3-month) [2][4]. - China Merchants Bank's "点金系列看涨两层区间" (92-day and 93-day) [9][10]. - The products are primarily linked to foreign exchange rates and gold prices, with floating returns based on market performance [5][10]. 4. Risk Management - The company has established internal controls to manage risks associated with the entrusted financial products, focusing on short-term, low to medium-risk investments [4][15]. - The financial department will monitor the investment performance and take necessary actions if risks are identified [4][15]. 5. Impact on the Company - The use of idle funds for financial products is expected to enhance the efficiency and returns of the company's capital without significantly impacting its main business operations or financial health [15][16]. - Key financial metrics include total assets of RMB 265.83 million and total liabilities of RMB 59.23 million, indicating a stable financial position [15].

证券代码：000573 证券简称：粤宏远 A 公告编号：2025-038 东莞宏远工业区股份有限公司 一、本次购买理财产品的基本情况 投资主体 东莞宏远工业区股份有限公司 产品管理方 中信银行股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 结构性存款产品。 本次委托理财的本金为人民币 1 亿元。 本次理财投向保本的低风险理财产品，总体风险可控，但金融市场受宏观经 济波动、财政及货币政策的影响较大，不排除理财产品收益受到市场波动的影响， 敬请广大投资者注意投资风险。 东莞宏远工业区股份有限公司（以下简称"公司"）第十一届董 事会第十九次会议于 2025 年 6 月 30 日审议通过《关于公司使用自有 闲置资金进行委托理财的议案》，同意公司在风险可控的前提下，以 提高资金使用效益、增加现金资产收益为原则，拟使用合计不超过人 民币 7.5 亿元的自有闲置资金进行低风险的委托理财业务，期限自该 次董事会会议审议通过之日起 12 个月内有效。 根据上述决议，公司于 2025 年 7 月 4 日与中信银行股份有限公 司东莞分行签署了理财业务协 ...

Core Viewpoint - The company is utilizing idle self-owned funds to invest in financial products to enhance capital efficiency and generate additional returns for the company and its shareholders [1][3]. Investment Overview - Total investment amount is 110 million yuan [1][3]. - The funds used for purchasing financial products are temporarily idle self-owned funds [1]. - The company has received approval from the shareholders' meeting to use up to 300 million yuan of idle self-owned funds for financial product investments [3][4]. Financial Product Details - The financial products are non-principal guaranteed floating income types, which do not guarantee the principal and returns [5]. - The company has invested in various financial products with different yields and durations, including: - 1 million yuan in a product with a yield of 3.30% for 385 days [2]. - 1 million yuan in another product with a yield of 3.40% for 366 days [2]. - 1 million yuan in a product with a yield of 3.20% for 181 days [2]. Risk Management - The company has established internal controls for the risks associated with the financial products, including the appointment of personnel to estimate and predict the performance of the products [4][5]. - The company plans to take timely measures to safeguard funds and control investment risks [5]. Financial Impact - The investment of idle self-owned funds in financial products is not expected to significantly impact the company's main business, financial status, or operating results [6][7]. - The total assets of the company are 160,403 million yuan, with a debt ratio of 28.12% and a liquidity ratio of 3.00 [6][7]. - The investment amount of 110 million yuan represents 157.23% of the company's cash at the end of the last reporting period [6]. Historical Investment Performance - In the past twelve months, the company has invested a total of 300 million yuan in financial products, with 100 million yuan returned and a total yield of 636,327.34 yuan [7]. - The highest single-day investment in the last twelve months was 265 million yuan, representing 27.01% of the company's net assets [7].

Core Viewpoint - The company plans to utilize part of its idle funds for entrusted wealth management and securities investment to enhance the efficiency of fund usage and increase returns for the company and its shareholders [1][2]. Investment Overview - The total amount for entrusted wealth management and securities investment by the company and its subsidiaries will not exceed RMB 600 million, with a single purchase limit of RMB 50 million [2]. - The investment types include bank wealth management products, asset management plans from asset management companies, and various products issued by securities companies, fund companies, and insurance companies [2]. - The investment period is set for 12 months from the date of approval by the shareholders' meeting [2]. - The funds used will be from idle self-owned funds, without involving raised funds or bank credit [2]. - The board of directors will seek authorization from the shareholders' meeting for the chairman to make investment decisions within the specified limits [2]. Risk Analysis and Control Measures - The company acknowledges potential risks such as the unpredictability of actual investment returns and liquidity risks associated with the investment products [3][4]. - Risk control measures include establishing regulations on investment behavior, assessing and selecting suitable investment products, and diversifying investments to manage risk effectively [4]. Impact on the Company - The use of idle funds for entrusted wealth management and securities investment will not affect the normal cash flow or the main business operations of the company and its subsidiaries [4]. - The approach aims to improve the efficiency of idle funds and seek certain investment returns, aligning with the interests of the company and all shareholders [4].

Core Viewpoint - The company is utilizing part of its idle funds for low-risk financial management products to enhance the efficiency of fund usage while ensuring liquidity for normal operations [1][2][15]. Summary by Sections Overview of Entrusted Financial Management - The purpose of the entrusted financial management is to improve the efficiency of idle funds while ensuring liquidity for the company's normal operations [2]. - The total investment amount for this financial management is 132 million RMB [2]. - The source of funds for this financial management is the company's idle self-owned funds [2]. Details of Financial Products - The company has invested in various structured deposit products with different banks, including: - 32 million RMB in a structured deposit with a yield of 1.00% to 1.80% [4][8]. - 30 million RMB in another structured deposit with a yield of 0.70% to 2.30% [6]. - 25 million RMB in a structured deposit with a yield of 1.00% to 2.00% [10]. - The total amount of entrusted financial management products currently not recovered is 232 million RMB [1][13]. Risk Control Measures - The company has established internal controls to monitor the risks associated with the entrusted financial management, including timely analysis and tracking of the investment products [12]. - The financial center is responsible for managing the investment products and ensuring compliance with prudent investment principles [12]. Financial Impact - As of March 31, 2025, the company's total assets were approximately 1.63 billion RMB, with total liabilities of about 569 million RMB and net assets attributable to shareholders of approximately 1.04 billion RMB [13]. - The company has utilized 23.2 million RMB of its idle funds for entrusted financial management, which is 22.25% of its latest audited net assets [13][14]. Decision-Making Process - The board of directors approved the use of idle funds for entrusted financial management with a unanimous vote [16]. - The supervisory board also agreed with the decision, emphasizing that it would not adversely affect the company's operations or shareholder interests [16].