Voice and Vision Intelligence uses 15.156 million yuan of idle funds for cash management, with a total outstanding balance of 116 million yuan.

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On March 24 in Beijing, Guangzhou Shisheng Intelligent Co., Ltd. (stock code: 920976, stock abbreviation: Shisheng Intelligent) today released an announcement disclosing the latest progress in the company’s cash management using idle self-owned funds. In this transaction, the company purchased a treasury bond reverse repurchase product worth RMB 15.156 million. As of the date of the announcement, the outstanding balance of idle self-owned funds used for cash management was RMB 116.1560 million, accounting for 43.23% of the company’s net assets audited for fiscal year 2024.

Details of this cash management

The announcement shows that Shisheng Intelligent purchased a treasury bond reverse repurchase product from Eastmoney Securities Co., Ltd. The specific information is as follows:

The company states that this cash management does not constitute a related-party transaction. The credit standing of Eastmoney Securities Co., Ltd., the counterparty, is good, and it has the ability to perform the transaction obligations.

Background of authorized cash management

Looking back at the announcement information, on April 22, 2025, Shisheng Intelligent held the 14th meeting of the third session of the board of directors and the 11th meeting of the third session of the board of supervisors, which considered and approved the proposal on the use of idle self-owned funds for cash management. It was also approved by the 2024 annual shareholders’ meeting held on May 26, 2025. The company can use idle self-owned funds of no more than RMB 10,000 million (including RMB 10,000 million) for cash management.

Subsequently, due to business development needs, on October 27, 2025, the company held the 19th meeting of the third session of the board of directors, which considered and approved the proposal on adjusting the额度 and term for using idle self-owned funds for cash management. It was also approved by the 2nd extraordinary shareholders’ meeting for 2025 held on November 25, 2025. The company adjusted the cash management额度 for idle self-owned funds from not exceeding RMB 10,000 million to not exceeding RMB 20,000 million, and the usage term is within 12 months from the date the shareholders’ meeting approves the proposal. The funds may be used in a rolling, cyclic manner within the above额度 range.

Cash management products not yet matured

As of the date of this announcement, Shisheng Intelligent has two cash management products that have not yet matured. The specific information is as follows:

Risk control and internal control

The company states that it has established a comprehensive internal control system for cash management. The board of directors authorizes the chairman to exercise relevant investment decision-making authority and sign relevant documents, while the finance负责人 is responsible for organizing and implementing the specific matters. The company will promptly track and analyze the underlying investments and progress of the relevant wealth management products. If any potentially adverse factors are found, it will promptly take protective measures to control investment risks. The finance负责人 will report the usage of funds to the board of directors. Independent directors have the right to supervise and inspect the matter, and if necessary, professional institutions may be engaged to conduct an audit.

Risk warning

The announcement also states that although the treasury bond reverse repurchase products purchased by the company this time have undergone strict selection and evaluation, the financial market is greatly affected by macroeconomic conditions. It does not rule out that the investment products may be affected by market volatility. Investors are kindly requested to pay attention to investment risks.

The company will, in a timely manner, fulfill its information disclosure obligations in accordance with the relevant regulations of the Beijing Stock Exchange.

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Responsible editor: Xiaolang Kuaibao