Shuanghuan Technology: Intends to use no more than 500 million yuan of idle own funds for entrusted wealth management.

Double Ring Technology announced that the company plans to use phased idle own funds to carry out entrusted wealth management, with a limit of no more than 500 million yuan, and the funds can be used in a revolving manner. Investments are only limited to stable products with high security and good liquidity, with a term until 2026. The proposal has been reviewed and approved at the fifteenth meeting of the eleventh board of directors. Although entrusted wealth management is affected by market factors and returns are uncertain, the company has established relevant systems to control risks. This wealth management does not affect the main business operations, and is beneficial for improving overall performance, with the sponsoring institution having no objections.