Shuangyue Group Establishes 6 Dedicated Accounts for Cash Management of 300 Million Yuan in Idle Raised Funds

[Finance.com News] Shuangle Pigment Co., Ltd. (Stock Code: 301036, Stock Abbreviation: Shuangle Co., Ltd.; Bond Code: 123264, Bond Abbreviation: Shuangle Convertible Bond) announced on March 19 that the company and its subsidiaries have completed the opening of dedicated settlement accounts for idle raised funds cash management. A total of six dedicated accounts have been opened to provide settlement support for future cash management operations involving no more than 300 million yuan of idle raised funds.

The announcement shows that Shuangle Co., Ltd. held the 16th meeting of the third board of directors on February 27, 2026, and approved the proposal on using idle raised funds for cash management. According to the proposal, the company plans to use up to 300 million yuan of idle raised funds for cash management, without affecting the normal progress of the raised funds investment projects. The term is 12 months from the date of board approval, and the funds can be reused within the specified amount and period in a rolling manner. This matter does not require approval from the general meeting of shareholders, and the company’s chairman is authorized to make investment decisions within the approved limit, with the financial officer responsible for specific operations.

To standardize the management and use of idle raised funds, the company and its subsidiaries have recently completed the opening of related dedicated settlement accounts. The specific information is as follows:

The company emphasizes that the above accounts will strictly follow the requirements of the “Regulations on the Supervision of Fundraising by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 2—Standard Operation of Growth Enterprise Market Listed Companies,” and other laws and regulations. They will be used exclusively for the settlement of cash management of idle raised funds and will not be used to hold non-raising funds or for other purposes, ensuring the safety and proper use of the raised funds.

The opening of these dedicated accounts is an important step for Shuangle Co., Ltd. to implement its plan for cash management of idle raised funds, helping to improve the efficiency of fund utilization and generate reasonable investment returns for the company and shareholders.

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