Daodao Quan Plans to Allocate 1.2 Billion Yuan from Idle Own Funds for Cash Management to Improve Capital Utilization Efficiency

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【Financial Network News】Dadaoquan Grain & Oil Co., Ltd. (Stock Code: 002852, Stock Abbreviation: Dadaoquan) announced on March 19, 2026, that the company’s 13th meeting of the 4th Board of Directors approved the proposal on “Using Part of Idle Self-Owned Funds for Cash Management.” According to the proposal, the company plans to use up to 1.2 billion yuan of idle self-owned funds for cash management to improve capital efficiency and returns. The proposal is still subject to approval by the shareholders’ meeting.

The announcement shows that the funds for this cash management come from the company’s idle self-owned funds and will not affect normal production and operation activities. Within the 1.2 billion yuan limit, the company can allocate funds based on actual needs, and the funds can be rolled over within the validity period of the resolution. Investment products will be strictly risk-controlled, with plans to purchase safe, liquid, low-risk investment or deposit products from banks or other financial institutions with investment periods not exceeding 12 months. These do not involve domestic or foreign stocks, securities investment funds, or other securities and derivatives, nor financial products aimed at stocks, interest rates, or exchange rates and their derivatives.

The resolution is valid for 12 months from the date of approval by the shareholders’ meeting. For individual investment products, the investment period will also not exceed 12 months. In terms of implementation, after approval by the shareholders’ meeting, the Board of Directors will authorize the Chairman to exercise the investment decision-making power and sign relevant contractual documents, with the financial officer responsible for organizing implementation. The company will promptly fulfill information disclosure obligations, including details on the investment amount, duration, and returns of cash management products.

Regarding risk control, Dadaoquan stated that it will strictly follow relevant laws, regulations, and company policies for decision-making, management, inspection, and supervision of investments. The Chairman is authorized to make investment decisions and sign related documents, while the Chief Financial Officer is responsible for organizing implementation, analyzing, and tracking the investment direction and project progress of financial products, and taking protective measures if adverse factors are identified. The Audit Department will audit and supervise related matters and report to the Audit Committee of the Board. Independent directors and the Audit Committee have the right to supervise and inspect the use of funds, and may hire professional agencies for audits if necessary.

Dadaoquan emphasizes that cash management will be conducted under the premise of ensuring normal daily operations and fund safety, without affecting the company’s normal cash flow or main business activities. It aims to improve capital utilization and returns, further enhancing overall company performance.

According to the announcement, as of the date of this notice, the company has not used its own funds to purchase financial products in the past 12 months, and the amount of ongoing investments from self-owned funds is zero.

The company’s 4th Board of Directors Audit Committee’s 9th meeting has approved this proposal. The committee believes that this move complies with relevant regulatory requirements, helps improve capital efficiency, increase returns, and is in the interests of the company and all shareholders. There are no circumstances that harm the interests of the company or its shareholders, especially minority shareholders.

This proposal is subject to approval by the shareholders’ meeting before implementation.

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Editor: Xiao Lang Kuai Bao