OKTech plans to allocate 100 million yuan of idle proprietary funds for cash management with a term not exceeding one year.

2026-03-30 10:04:11

【Finance Network News】On March 20, Okai Technology Co., Ltd. (Stock code: 001223; Stock abbreviation: Okai Technology) released an announcement stating that, to improve the efficiency and returns of the company’s use of funds, the board of directors reviewed and approved the resolution titled “Proposal on Using Idle Self-Owned Funds for Cash Management,” agreeing that the company or its subsidiaries will use no more than RMB 100 million of idle self-owned funds to purchase low-risk, short-term bank wealth management products.

The announcement shows that the investment limit for this cash management will be no more than RMB 100 million (including the relevant amounts for reinvestment of returns on the aforementioned investment). The use period of the limit will not exceed twelve months. Within the above limits and time period, funds may be used on a rolling basis. The investment products will be strictly limited to low-risk, short-term (no more than one year) wealth management products, and the source of funds will be the company’s or its subsidiaries’ idle self-owned funds.

The validity period of the resolution runs for one year from the date the company’s second session of the board of directors’ 21st meeting approves it, that is, from March 19, 2026 to March 18, 2027. The management team is authorized to carry out and process the above wealth management matters in detail.

With regard to investment risks, Okai Technology stated that although it chooses low-risk, short-term wealth management products, the financial markets are significantly affected by the macroeconomic environment, and actual returns are uncertain. To control risk, the company will establish and improve approval and execution procedures, promptly track investment progress, have the internal audit department conduct daily supervision, and independent directors are also entitled to conduct supervision and inspections. If necessary, the company may hire professional institutions to audit, and will promptly perform information disclosure in accordance with relevant provisions of the Shenzhen Stock Exchange.

The company emphasized that this cash management using idle self-owned funds is carried out on the premise of ensuring the company’s daily operating and construction capital needs and safeguarding the safety of funds. It will not affect the normal conduct of the company’s main business. It is conducive to improving the efficiency and returns of fund use and further enhancing the company’s overall performance, and there is no situation that harms shareholders’ interests.

This proposal was approved on March 19, 2026 by the company’s second session of the board of directors’ 21st meeting and the 10th meeting of the board’s audit committee of the second session. The audit committee believes that, without affecting the company’s normal operations and while ensuring the safety of funds, using idle self-owned funds for cash management can achieve certain investment returns and seek greater investment benefits for the company and shareholders. This matter falls within the approval authority of the company’s board of directors and does not need to be submitted to the shareholders’ meeting for consideration.

Overview of the main contents of Okai Technology’s cash management of idle self-owned funds

Item
Specific content
—
Investment purpose
Improve the rate of return on funds and increase company returns
Investment limit
No more than RMB 100 million (including the reinvestment amount of returns); within the limit, funds can be used on a rolling basis
Investment products
Low-risk, short-term (no more than one year) bank wealth management products
Source of funds
Idle self-owned funds of the company or its subsidiaries
Validity period of the resolution
One year from the date of board approval (March 19, 2026 to March 18, 2027)
Risk control measures
Establish and improve approval and execution procedures, track investment progress, internal audit supervision, independent director supervision, and information disclosure
Impact on the company
Does not affect main business; improves efficiency and returns of fund use; enhances overall performance

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