Yingli Motors plans to invest 800 million yuan of idle proprietary funds for cash management to improve capital utilization efficiency

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Changchun Yingli Automobile Industry Co., Ltd. (Securities code: 601279, Securities abbreviation: Yingli Automobile) issued an announcement on March 31, 2026, stating that the board of directors has reviewed and approved a proposal to use idle self-owned funds for cash management. The company plans to invest up to 800 million RMB to purchase wealth management products with high safety and good liquidity, in order to improve the efficiency of capital use and seek greater investment returns for shareholders.

According to the announcement, Yingli Automobile convened the 11th meeting of the fifth session of the board of directors on March 30, 2026, and reviewed and approved the proposal on using self-owned funds for cash management. This cash management matter does not need to be submitted to the company’s general meeting of shareholders for consideration.

Based on the announcement, under the premise of ensuring the development of its daily operating business and the safety of funds, the company and its wholly owned and holding subsidiaries (and joint ventures) will use idle self-owned funds with an amount not exceeding 800 million RMB for cash management. The funds within the approved额度 can be used on a revolving basis. The investment term is 12 months from the date on which the board meeting approves this matter; the term of a single wealth management product will not exceed 12 months.

Yingli Automobile states that for this cash management, the company will choose wealth management products with high safety, good liquidity, and low risk. The investment counterparties will be financial institutions with good reputation, strong operations, and robust capability to safeguard funds. The board of directors has authorized the chairman of the board of directors or the related personnel authorized by him to sign the relevant contract documents within the above approved amount, and the company’s finance department will be responsible for organizing and implementing the matter.

In terms of risk control, the company will strictly comply with relevant laws and regulations and the provisions of the Articles of Association, strengthen analysis and research on the investment products, and strictly review them. The company will also promptly monitor the direction and progress of the investment products. If any risk factors that may affect the safety of funds are found, the company will timely take protective measures. Meanwhile, the audit committee of the company has the right to supervise and inspect the use of funds. If necessary, the company may hire professional institutions to conduct audits, and will also promptly make information disclosures in accordance with regulatory requirements.

In a special notice, the announcement emphasizes that although the purchased wealth management products are investment products with a relatively low risk level, the financial market is greatly affected by macroeconomic conditions. There is no guarantee that the investment will not be affected by factors such as policy risk, market risk, credit risk, liquidity risk, and force majeure risk, which may lead to fluctuations in returns. Investors are kindly requested to pay attention to investment risks.

Yingli Automobile emphasizes that this cash management will be implemented under the premise of ensuring the company’s daily operations and fund safety, and will not affect the company’s needs for normal turnover of daily funds or the normal conduct of its main business. According to the Company’s accounting standards for enterprises, the wealth management products subscribed by the company will be recorded as trading financial assets on the balance sheet, and the returns obtained will be included as investment income in the income statement.

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