Innovative New Material to use idle funds for wealth management

Innovative New Material (formerly Beijinghualian Hypermarket) plans to utilize idle self-owned funds for wealth management in 2026, with a daily maximum balance of 2.5 bn yuan. These funds will be invested in highly secure, low-risk products, including structured deposits and bank wealth management products, with a maturity not exceeding 12 months per transaction. The company aims to enhance capital efficiency and overall returns.

The company also forecasts various everyday related-party transactions for 2026. These include purchasing goods, services, fuel, and energy from related parties, along with sales of products and provision of services to related parties. Additionally, the company will lease and rent out assets to related parties. These transactions, estimated at market prices, are deemed necessary for operational development and have been approved by the board of directors and supervisors.

Furthermore, the company's eighth board of directors' term is ending. The board has approved the election of nine directors for the ninth board, including five non-independent directors and three independent directors, with one employee director. The proposed directors include Cui Lixin, Wang Wei, Xu Feng, Gao Shanghui, Guo Jinxiang, Luo Bingqin, Xiong Hui, and Zhang Yong.