Himile Technology adjusts related party transactions, plans cash management

Shandong Himile Mechanical Science & Technology (SZSE:002595) announced an increase in its estimated caps for 2025 annual ordinary related party transactions, with a total cumulative increase of RMB 116 million for transactions approved by the board. This includes an additional RMB 34 million from the latest board meeting. These adjustments are part of an ongoing review process.

In separate but related announcements, the company also projected its 2026 ordinary related party transactions, totaling up to RMB 271.5 million. Furthermore, Himile Technology plans to engage in cash management by utilizing up to RMB 2 billion of idle funds for low-risk investment products such as bank structured deposits or large-denomination certificates of deposit, valid for one year. The company also announced an application for a comprehensive credit line of up to RMB 5 billion from banks.

The board also approved a change in the project partner for the 2025 financial audit and internal control audit. Mr. Xu Baoru will replace Mr. Lu Qing as the new project partner. All these measures aim to optimize resource utilization and ensure the company's sustained development.