Sifang New Material: Intends to use no more than 90 million yuan of idle raised funds to temporarily supplement working capital

On March 10, Sifang New Material announced that the sixth meeting of the fourth board of directors and the fifth meeting of the audit committee of the fourth board of directors of the company considered and adopted the Bill on Temporary Supplementary Liquidity by Using Part of the Idle Raised Funds on March 10, 2026.

It is agreed that the company will use part of the idle raised funds not exceeding 90 million yuan to temporarily supplement the working capital for the business related to the company's main business. The term of use shall not exceed 12 months from the date of approval by the board of directors, and the funds can be used on a rolling basis within the limit; This replenishment will not affect the progress of the project invested by the raised funds and the normal production and operation of the company.