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Suzhou Longjie Special Fiber Co., Ltd. Progress Announcement on Cash Management Using Partial Idle Self-owned Funds
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Securities Code: 603332 Stock Abbreviation: Suzhou Longjie Announcement No.: 2026-002
Suzhou Longjie Special Fiber Co., Ltd.
Progress Announcement on Using Part of Idle Funds for Cash Management
The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its content.
Important Highlights:
● Basic Information
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● Risk Warning
The investment products involved in this round of entrusted wealth management using idle funds are risk-controlled financial products issued by financial institutions. Due to macroeconomic influences, returns may fluctuate. The issuers of these products have warned of risks including return risk, interest rate risk, liquidity risk, policy risk, and force majeure risk.
Suzhou Longjie Special Fiber Co., Ltd. (hereinafter referred to as “the Company” or “Suzhou Longjie”) held the 13th meeting of the fifth board of directors and the 12th meeting of the fifth supervisory committee on April 18, 2025, and approved the proposal on using part of idle funds for cash management. It was agreed that the company could use idle funds within a single-day maximum balance of RMB 800 million for cash management. The duration of this cash management is within 12 months from the date of board approval, and within this limit and period, funds can be rolled over cyclically.
Details are available in the “Announcement on Using Part of Idle Funds for Cash Management” published on April 22, 2025, in China Securities Journal, Shanghai Securities News, and on the Shanghai Stock Exchange website (www.sse.com.cn) (Announcement No.: 2025-012).
The company disclosed the progress of this cash management on the Shanghai Stock Exchange website on September 2, 2025 (Announcement No.: 2025-042).
It also disclosed updates on September 26, 2025 (Announcement No.: 2025-045), November 22, 2025 (Announcement No.: 2025-050), and January 22, 2026 (Announcement No.: 2026-001).
As of the date of this announcement, the total amount of entrusted funds not yet redeemed is RMB 440 million.
(1) Specifics of Redeemed Products
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(2) Details of This Entrusted Wealth Management
From January 22, 2026, to the date of this announcement, the company rolled over RMB 190 million into wealth management products from Industrial and Commercial Bank of China Zhangjiagang Economic Development Zone Branch, China Merchants Bank, and Jiangsu Bank, as detailed below:
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(1) Impact
The company uses its own funds for cash management while ensuring normal daily operations and fund safety. It does not involve large debts or purchasing large financial products, which does not affect normal cash flow or core business development. Proper and timely cash management of idle funds can reduce idle capital and generate investment returns, helping to improve overall performance and increase returns for the company and shareholders.
The total payment for this entrusted wealth management is RMB 190 million, accounting for 200.36% of the latest period’s ending monetary funds, which will not significantly impact the company’s future main business, financial condition, operating results, or cash flow.
(2) Internal Control over Risks Related to Entrusted Wealth Management
The entrusted party is a financial institution capable of providing capital preservation commitments. The purchased products are high-security, liquid structured deposits with capital preservation agreements, and these investments are not used as collateral.
The company will strictly follow the “Shanghai Stock Exchange Stock Listing Rules” and other relevant laws and regulations, as well as the company’s articles of association, in handling cash management business. It will analyze and monitor the operation of cash investment products in a timely manner. If adverse factors are identified or suspected, appropriate measures will be taken promptly to control risks. Independent directors and the supervisory committee have the right to supervise and inspect the company’s fund usage and cash management. The company will fulfill disclosure obligations in accordance with the relevant regulations of the Shanghai Stock Exchange.
The investment products involved are risk-controlled financial products issued by financial institutions. Due to macroeconomic influences, returns may fluctuate. The issuers have warned of risks including return risk, interest rate risk, liquidity risk, policy risk, and force majeure risk.
This announcement is made accordingly.
Suzhou Longjie Special Fiber Co., Ltd. Board of Directors
March 17, 2026