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Yongan Xing Technology Co., Ltd. Announcement on the Redemption of Maturity of Cash Management Using Part of Idle Raised Funds and Continuing Cash Management
Stock Code: 603776 Stock Short Name: Yong’an Travel Announcement No.: 2026-005
Yong’an Travel Technology Co., Ltd.
Announcement on the Expiration and Redemption of Cash Management for a Portion of the Unused Raised Funds
and the Continued Conduct of Cash Management
The board of directors and all directors of this Company hereby guarantee that this announcement contains no false statements, misleading representations, or material omissions, and assume individual and joint liability for the truthfulness, accuracy, and completeness of the contents.
Key Highlights:
Type of cash management: Structured deposits
Amount of cash management: RMB 160 million
Consideration procedures completed: Yong’an Travel Technology Co., Ltd. (hereinafter referred to as the “Company”) convened the 5th meeting of the 5th session of the board of directors and the 4th meeting of the 5th session of the board of supervisors on August 27, 2025, and deliberated and approved the “Proposal on Using a Portion of Unused Raised Funds and Self-owned Funds for Cash Management.” The proposal agreed that the Company and its subsidiaries intend to use, at an appropriate time, no more than RMB 400 million of the raised funds from publicly issued A-share convertible corporate bonds and no more than RMB 600 million of self-owned funds for cash management, with an investment term of within 12 months from the date on which the board of directors approves the proposal. The funds may be used on a rolling basis. For details, please refer to the “Announcement on Using a Portion of Unused Raised Funds and Self-owned Funds for Cash Management (2025-118)” published on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the media designated by the Company for disclosure.
Special Risk Warning: The wealth management products purchased by the Company in this transaction are products with high safety and good liquidity. The investment risk is controllable, but the financial market is greatly affected by macroeconomic conditions. There is no guarantee that the investment will not be affected by risks such as market risk, credit risk, policy risk, liquidity risk, and risk arising from force majeure, among others. Investors are reminded to pay attention to investment risks.
I. Details of Redemption Upon Expiration of Cash Management
Unit: RMB 10,000
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For details of the above cash management arrangements, please refer to the “Announcement on Redemption Upon Expiration of Cash Management for a Portion of Unused Raised Funds and Continued Conduct of Cash Management (2025-132)” and the “Announcement on the Progress of Cash Management for a Portion of Unused Raised Funds (2026-002)” published on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the media designated by the Company for disclosure. As of the date of disclosure of this announcement, the principal and returns of the above wealth management products that have matured have all been fully received back, with no material differences from the expected returns.
II. Basic Information of This Cash Management
(1) Purpose of cash management
Under the premise of ensuring that the normal implementation of raised-funds investment projects is not affected and ensuring the safety of raised funds, improve the efficiency of the use of raised funds, increase the returns on the Company’s cash assets, and maximize the interests of shareholders.
(2) Amount of cash management
The total investment amount for this cash management is RMB 160 million.
(3) Source of funds
Source of funds: Temporarily unused raised funds.
Basic information on raised funds
Approved by the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) under the document No. [2020] 2772, the Company has publicly issued 8,864,800 convertible corporate bond units, each with a par value of RMB 100. The total amount of proceeds from this issuance was RMB 886,480,000.00. After deducting the sponsor underwriting fees and other issuance-related expenses, the net proceeds amounted to RMB 870,001,086.79. All of the above raised funds were fully received on November 30, 2020. Ronger Certified Public Accountants (Special General Partnership) conducted verification of the receipt of the raised funds and issued the “Verification Report” (Ronger Yan Zi [2020] 216Z0027). The Company has implemented a special account storage system for the raised funds.
(4) Investment method
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Note: The above entrusted wealth management is bank wealth management products, does not constitute a related-party transaction, and does not involve any structured arrangements.
The wealth management products purchased by the Company in this transaction meet the requirements for using products with high safety and good liquidity. There is no conduct that would indirectly change the use of raised funds. It will not affect the normal progress of the projects funded with raised funds, nor does it entail any harm to the interests of shareholders.
(5) Investment term
The investment term of the wealth management products purchased by the Company in this transaction does not exceed 12 months.
III. Consideration Procedures
On August 27, 2025, the Company convened the 5th meeting of the 5th session of the board of directors and the 4th meeting of the 5th session of the board of supervisors, and deliberated and approved the “Proposal on Using a Portion of Unused Raised Funds and Self-owned Funds for Cash Management.” The proposal agreed that the Company and its subsidiaries intend to use, at an appropriate time, no more than RMB 400 million of unused raised funds from publicly issued A-share convertible corporate bonds and no more than RMB 600 million of self-owned funds for cash management, with an investment term of within 12 months from the date on which the board of directors approves the proposal. Within the above period and quota, the funds may be used on a rolling basis, and the Company’s management is authorized to handle related matters such as the use of unused raised funds and self-owned funds to purchase wealth management products. Specific matters are organized and implemented by the Company’s finance department. The Company’s board of supervisors has issued a clear consent opinion on this matter, and the sponsor has issued an verification opinion. For details, please refer to the “Announcement on Using a Portion of Unused Raised Funds and Self-owned Funds for Cash Management (2025-118)” published on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the media designated by the Company for disclosure.
IV. Analysis of Investment Risks and Risk Control Measures
The Company strictly selects the investment counterparties for the wealth management products purchased in this transaction. It chooses products issued by financial institutions with good reputation, large scale, the capability to ensure the safety of funds, good operating and profit performance, and strong capacity in managing funds.
To control risks and ensure fund safety, the Company will strictly follow the requirements for internal control management to define the principles, scope, authorities, and approval procedures for investing in wealth management products. It will assign dedicated personnel to manage the wealth management products during their term, establish ledgers and tracking mechanisms, establish and improve complete accounting records for economic activities involving the use of funds, properly perform accounting and bookkeeping work for fund usage, and strengthen risk control and supervision.
V. Impact on the Company
There is no situation where the Company has large outstanding liabilities while also purchasing large amounts of wealth management products. The amount of wealth management products purchased by the Company using unused raised funds in this transaction is RMB 160 million, accounting for 31.11% of the monetary fund balance as of the end of the most recent period (September 30, 2025) of RMB 514.2946 million. The source of funds for this wealth management is temporarily unused raised funds from the Company’s publicly issued A-share convertible corporate bonds. The Company will use unused raised funds to purchase wealth management products for cash management, ensuring normal implementation of the projects funded with raised funds and guaranteeing the safety of the raised funds. This will not affect the normal operation of the raised-funds projects, nor will it cause material impacts on the Company’s future principal business, financial position, operating results, or cash flow. At the same time, by conducting appropriate short-term wealth management for temporarily unused raised funds, the Company can obtain certain investment returns and secure better investment performance for the Company and shareholders.
According to the provisions of the new financial instrument standards issued by the Ministry of Finance, the cash management principal of the Company is recorded in the balance sheet under items such as monetary funds or financial assets held for trading, and interest income is recorded in the income statement under items such as finance expenses or investment income. The specific treatment will be subject to the annual audit results.
VI. Risk Warning
The wealth management products purchased by the Company in this transaction are products with high safety and good liquidity. The investment risk is controllable, but the financial market is greatly affected by macroeconomic conditions. There is no guarantee that the investment will not be affected by risks such as market risk, credit risk, policy risk, liquidity risk, and risk arising from force majeure, among others. Investors are reminded to pay attention to investment risks.
VII. As of the date of this announcement, the Company’s cash management activities using unused raised funds during the most recent twelve months
Amount: RMB 10,000
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Note: 1. In the above table, net assets and net profit for the most recent year refer to the net assets and net profit for fiscal year 2024 audited;
This announcement is hereby issued.
Board of Directors of Yong’an Travel Technology Co., Ltd.
April 4, 2026
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