Shenzhen Xinxing: Intends to use 340 million yuan raised funds to temporarily supplement working capital.

Shenzhen Xinxing announced that the company held a board meeting on April 8, 2026, and approved the proposal to use a maximum of 340 million yuan from the public issuance of convertible bonds to temporarily supplement working capital. The funds will be used for up to 12 months from the date of approval by the board. The previous 340 million yuan in temporary working capital was repaid on April 7. This working capital supplement is limited to the main business operations and will not affect investment projects, in compliance with regulatory requirements, and the sponsor has no objections.