Star-net(SZ:002396) Zheng Quan Shi Bao Wang·2025-01-26 17:23Core Viewpoint - The company has approved the use of up to 1 billion RMB of idle funds for entrusted wealth management, aiming to enhance returns while ensuring operational liquidity and safety [1][2]. Group 1: Investment Decisions - The company plans to invest 50 million RMB in a wealth management product from CITIC Bank Fuzhou Branch and 100 million RMB in a product from Industrial and Commercial Bank of China Fuzhou Cangshan Branch, totaling 150 million RMB, which represents 2.3318% of the company's latest audited net assets [2]. - The investment decisions were made during the 30th meeting of the sixth board of directors and the 2023 annual shareholders' meeting [1][7]. Group 2: Impact on Daily Operations - The investment in low-risk, high-liquidity wealth management products will not affect the company's daily operations or the normal development of its main business [3]. - The company aims to generate additional returns for itself and its shareholders through these investments while keeping funds secure and liquid [3]. Group 3: Risk Management - The company has established a comprehensive investment management system detailing principles, scope, authority, internal review processes, and supervision of fund usage to mitigate investment risks [6]. - Daily supervision of the investment funds will be conducted by the audit department, which will perform periodic audits to ensure compliance and safety [5][6]. Group 4: Previous Investments - As of the announcement date, the company and its subsidiaries have not redeemed 300 million RMB of entrusted wealth management principal, which is within the approved total of 1 billion RMB [6].