Hubei Yihua announced that the company held a board meeting on July 16 to review and pass a bill on the use of temporarily idle funds raised for cash management. The company and its subsidiaries plan to use no more than 1.6 billion yuan of idle funds raised to invest in capital protected bank wealth management products or deposit products with high security and good liquidity. The period will not exceed 12 months, and the funds can be used on a rolling basis. The actual net amount raised by convertible bonds this time was 3.282 billion yuan, and the capital was idle for a short period of time during the construction cycle of the fund-raising project. The matter has been reviewed by the Board of Directors, Audit Committee, and Independent Board of Directors, and there is no objection from the sponsor.

Hubei Yihua announced that the company held a board meeting on July 16 to review and pass a bill on the use of temporarily idle funds raised for cash management. The company and its subsidiaries plan to use no more than 1.6 billion yuan of idle funds raised to invest in capital protected bank wealth management products or deposit products with high security and good liquidity. The period will not exceed 12 months, and the funds can be used on a rolling basis. The actual net amount raised by convertible bonds this time was 3.282 billion yuan, and the capital was idle for a short period of time during the construction cycle of the fund-raising project. The matter has been reviewed by the Board of Directors, Audit Committee, and Independent Board of Directors, and there is no objection from the sponsor.