Investment Overview - The company plans to use up to RMB 120 million of its idle self-owned funds for financial management to improve fund utilization efficiency and returns while ensuring fund safety and normal operations [1][2] - The source of funds for this investment will be the company's temporarily idle self-owned funds, which will not affect normal business operations [2] - The investment will be in low to medium-risk financial products, including but not limited to bank wealth management products, structured deposits, and trust products [1][2] Approval Process - The company held its 23rd meeting of the second board of directors and the 20th meeting of the second supervisory board on August 13, 2025, to review and approve the proposal for using part of its self-owned funds for financial management [1][2] - The proposal will be submitted for approval at the company's shareholders' meeting [2] Risk Analysis and Control Measures - The company aims to select liquid and controllable financial products, acknowledging that market fluctuations may impact investment returns [3] - The finance department will manage the purchased products and maintain accounting records, while the audit committee will supervise and inspect the use of funds [4] Impact on the Company - The planned use of self-owned funds for financial management will not affect the company's operational funding needs or daily operations, and it does not involve raised funds [4] - This strategy is expected to enhance fund utilization efficiency and generate additional investment returns for the company and its shareholders [4]

Core Viewpoint - The company, Guangzhou Pubang Garden Co., Ltd., has approved the use of up to RMB 800 million of its own funds to purchase financial products, aiming to enhance fund efficiency and overall performance while ensuring daily operational needs are met [1][7]. Group 1: Financial Product Purchase - The company and the financial product trustee have no related party relationship [2]. - The approved amount for purchasing financial products is RMB 800 million, which can be used flexibly within a 12-month period from the board's approval date [1][7]. - As of the announcement date, the company has a total of RMB 555.938 million in outstanding financial products [8]. Group 2: Risk Management - The company will implement strict risk control measures, ensuring that only high liquidity and low-risk financial products (not exceeding risk level R3) are purchased [5]. - Independent directors will oversee the use of funds, with the audit committee primarily responsible for verification [6]. Group 3: Impact on Company Operations - The investment in financial products will not affect the company's daily cash flow or the normal operation of its main business [7]. - Engaging in moderate-risk financial investments is expected to improve fund efficiency and generate investment returns, ultimately benefiting shareholders [7].

Core Viewpoint - Guangzhou Pubang Garden Co., Ltd. plans to use up to RMB 800 million of its own funds to invest in financial products, with a rolling usage period of 12 months from the board's approval date [1][4]. Group 1: Financial Product Investment - The company has approved the purchase of various financial products, including a single asset management plan from CITIC Securities with an investment of RMB 40 million, which has an annualized return of 2.5% [1]. - Other investments include RMB 30 million in a closed fixed-income financial product from Huizhong Wealth with an annualized return of 2.25%, and RMB 30 million in a dual-debt strategy from Bank of China with an annualized return of 2.4% to 3.4% [1]. - The company also plans to invest RMB 20 million in a private asset management plan from Haitong Securities, which has a minimum holding period of 180 days [1]. Group 2: Current Financial Product Status - As of the announcement date, the company and its subsidiaries have a total of RMB 555.938 million in outstanding financial products [4]. - The investment in financial products is within the authorized limits set by the board and will not affect the company's daily operational cash flow or main business activities [3][4]. Group 3: Risk Management - The company will conduct prudent evaluations of the financial products and ensure that investments are made in products with good liquidity and high safety, with risk levels not exceeding R3 [3]. - Independent directors will oversee the usage of funds, and the company will disclose the purchase and profit/loss status of financial products in regular reports as per the regulations of the Shenzhen Stock Exchange [3].

Group 1 - Neway Valve West Africa Fze is a wholly-owned subsidiary with total audited assets of 28.96 million yuan and a net profit of 6.52 million yuan for 2024 [1] - Neway Fluid Equipment Vietnam Company Limited, another wholly-owned subsidiary, reported total audited assets of 153.37 million yuan and a net profit of 9.32 million yuan for 2024 [2] - NEWAY ENERGY, a wholly-owned subsidiary, has total audited assets of 25.28 million yuan but reported a net loss of 0.70 million yuan for 2024 [3] Group 2 - C?NG TY TNHH NEWAY VALVE VI?T NAM, a proposed overseas subsidiary, has total audited assets of 11.89 million yuan and a net loss of 0.38 million yuan for 2024 [4] - Neway Flow Control Inc. has total audited assets of 35.48 million yuan and a net profit of 4.48 million yuan for 2024, despite a negative net asset position [5] - NEWAY VALVE (MALAYSIA) SDN. BHD. has total audited assets of 0.039 million yuan and reported a net loss of 0.0114 million yuan for 2024 [6] Group 3 - The company provides a guarantee for its subsidiaries with a total guarantee amount not exceeding 3.43 billion yuan [9] - The board believes that providing guarantees supports the normal operations of subsidiaries and aligns with the company's overall interests [10] - The supervisory board agrees that the guarantees benefit the subsidiaries' development and comply with legal regulations [11] Group 4 - The company has no overdue guarantees as of the announcement date [12] - The total guarantees provided to subsidiaries amount to 741 million yuan, representing 16.77% of the company's latest audited net assets [13] Group 5 - The company plans to use its own funds to purchase financial products up to 600 million yuan, with a maximum investment period of one year [20] - The financial products will be issued only by banks, securities companies, or trust companies to control risks [21] - The decision to invest will not affect the company's main business operations and aims to enhance fund utilization efficiency [27] Group 6 - The company intends to renew the appointment of Rongcheng Accounting Firm as its auditing and internal control auditing institution [29] - Rongcheng Accounting Firm has a strong track record, with no criminal penalties in the last three years and a good investor protection capability [34] - The audit fee for the annual report is set at 1.24 million yuan, excluding VAT [40]