Gelonghui February 8th 丨Hesheng Silicon (603260.SH) announced that on February 8, 2023, the company held the 18th meeting of the third board of directors and the 11th meeting of the third board of supervisors to deliberate and pass the “Proposal on Using Idle Own Funds for Cash Management”, agreeing that the company should use idle own funds not exceeding RMB 6 billion for cash management. The authorization period is valid for 12 months from the date of review and approval by the company's board of directors, and can be recycled within the above period and limit; there is no need to submit it to the shareholders' meeting for consideration.