Shenzhen Textile A (000045): Plans To Use No More Than 1.1 Billion Yuan Of Part Of Its Own Funds For Cash Management Business

SZ (000045. SZ) announced that the resolution of the 9th meeting of the 8th board of directors of the company approved the proposal on using part of its own funds for cash management business;

It is agreed that the company shall purchase bank financial products and monetary funds with low risk and high liquidity within the scope of its own capital not exceeding RMB 1.1 billion under the condition of ensuring that normal production and operation activities and investment demand are not affected. The company and its subsidiaries can be recycled and used in a rolling manner within the available capital limit and the validity period of the resolution, The term of validity shall be within one year from the date of deliberation and approval by the board of directors, and the specific period shall be from December 31, 2021 to December 30, 2022.