Times Electric (03898.HK) announced that the board of directors approved the resolution on "Proposal on the Use of Idle Self-owned Funds for Cash Management" today (27th). The company plans to manage idle self-owned funds for cash management without affecting normal operations and ensuring fund safety, using a credit limit not exceeding 15 billion yuan RMB or equivalent foreign currency of temporarily idle self-owned funds, to purchase cash management products with high security, good liquidity, and principal protection agreement from partner banks. The usage period is effective within 12 months from the date approved by the board of directors.

Times Electric stated that within the aforementioned credit limit and usage period, funds can be used in a rolling manner. (translated by js/k)

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