Suzhou Longjie Special Fiber Co., Ltd. Progress Announcement on Using Part of Idle Own Funds for Cash Management

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2026-03-28 20:13:54

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Stock Code: 603332 Stock Abbreviation: Suzhou Longjie Announcement No.: 2026-003

Suzhou Longjie Special Fiber Co., Ltd.

Progress Announcement on the Use of Part of Idle Self-owned Funds for Cash Management

The Board of Directors and all directors of the company guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Content Reminder:

● Basic Situation

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● Risk Reminder

The investment products involved in the company’s use of idle self-owned funds for entrusted wealth management are wealth management products issued by financial institutions with controllable risks, and the income may have certain volatility due to the influence of the macro economy. The issuer of the wealth management products has highlighted the risks faced by the products, including income risk, interest rate risk, liquidity risk, policy risk, and force majeure risk.

I. Basic Situation of Entrusted Wealth Management

Suzhou Longjie Special Fiber Co., Ltd. (hereinafter referred to as “the company” or “Suzhou Longjie”) held the 13th meeting of the 5th Board of Directors and the 12th meeting of the 5th Supervisory Board on April 18, 2025, and approved the proposal on the use of part of the idle self-owned funds for cash management, agreeing to use idle self-owned funds for cash management within a maximum daily balance of RMB 800 million. The period for the above cash management is within 12 months from the date of approval by the Board of Directors; within this limit and period, the funds can be rolled over for use.

For specific details, please refer to the announcement on the use of part of the idle self-owned funds for cash management published on April 22, 2025, in the China Securities Journal, Shanghai Securities Journal, and on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2025-012).

On September 2, 2025, the company disclosed the Progress Announcement on the Use of Part of Idle Self-owned Funds for Cash Management on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2025-042).

On September 26, 2025, the company disclosed the Progress Announcement on the Use of Part of Idle Self-owned Funds for Cash Management on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2025-045).

On November 22, 2025, the company disclosed the Progress Announcement on the Use of Part of Idle Self-owned Funds for Cash Management on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2025-050).

On January 22, 2026, the company disclosed the Progress Announcement on the Use of Part of Idle Self-owned Funds for Cash Management on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2026-001).

On March 17, 2026, the company disclosed the Progress Announcement on the Use of Part of Idle Self-owned Funds for Cash Management on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2026-002).

As of the date of this announcement, the total amount of self-owned funds entrusted for wealth management that has not been redeemed is RMB 500 million.

II. Progress/Risk Situation of This Entrusted Wealth Management

(A) Specific Situation of Redeeming Entrusted Wealth Management Products at Maturity

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(B) Specific Situation of This Entrusted Wealth Management Product

From March 17, 2026, to the date of this announcement, the company used idle self-owned funds of RMB 240 million to roll over and purchase products from Ningbo Bank Co., Ltd. and Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd., as detailed below:

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III. Impact on the Company and Proposed Response Measures

(A) Impact on the Company

While ensuring the company’s daily operations and the safety of funds, the company uses self-owned funds for cash management, and there is no situation of purchasing large wealth management products while carrying significant debts, which does not affect the normal turnover needs of the company’s daily funds and will not impact the normal development of the company’s main business. By managing idle self-owned funds in a moderate and timely manner, the company can reduce idle funds and obtain certain investment returns, which is beneficial for further improving the overall performance level of the company and providing more investment returns for the company and its shareholders.

The total amount paid for this entrusted wealth management is RMB 240 million, accounting for 253.08% of the latest period-end monetary funds, and will not have a significant impact on the company’s future main business, financial condition, operating results, and cash flow.

(B) Internal Control of the Company Regarding Risks Related to Entrusted Wealth Management

The entrusted party is a financial institution capable of providing a principal guarantee, and the purchased products are structured deposits with high safety, good liquidity, and a principal guarantee agreement with the entrusted party, and such investment products are not used for pledging.

The company will strictly handle related cash management business in accordance with the Shanghai Stock Exchange’s Stock Listing Rules and other relevant laws and regulations, as well as the Articles of Association; the company will promptly analyze and track the operation of cash investment products, and if any adverse factors are discovered or judged, corresponding measures will be taken in a timely manner to control investment risks; independent directors and the supervisory board have the right to supervise and inspect the company’s use of funds and cash management; the company will fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations of the Shanghai Stock Exchange.

IV. Risk Reminder

This announcement is hereby made.

Board of Directors of Suzhou Longjie Special Fiber Co., Ltd.

March 28, 2026

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