Sanwei Security intends to use a total of no more than 1 billion RMB of idle proprietary funds to purchase financial products.

Everyday AI News - Sanwei Xinan (SH 688489, closing price: 38.29 yuan) announced on the evening of March 27 that the company will hold the 23rd meeting of the second board of directors on March 27, 2026, to review and approve the proposal on “Authorizing the company’s management to use idle self-owned funds to purchase financial products.” It is agreed that the company, while ensuring that it will not affect the development of the company’s main business, meet the funding needs for daily operations, research and development, and ensure the safety of funds, plans to use a total of no more than 1 billion yuan of idle self-owned funds to purchase financial products. The investment period is 12 months from the date of the board of directors’ approval of this proposal, and the financial quota can be used in a rolling manner within the above investment period. The board of directors authorizes the company’s management to exercise investment decision-making power and sign relevant documents within the above quota and the validity period of the resolution. No need to submit to the company’s shareholders meeting for review.

Everyday Headline (nbdtoutiao) - The US-Iran war “devours” the profits of Shandong’s oil refining enterprises, with a loss of 153 yuan for processing one ton! Previously, there was a $20 saving per barrel, but now oil prices over a hundred have seen discounts vanish overnight.

(Reporter Zeng Jianhui)

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