Core Viewpoint - Megachip New Materials Technology (Shanghai) Co., Ltd. plans to utilize idle raised funds for cash management, with a maximum amount of RMB 880 million, ensuring compliance with regulatory requirements [2]. Group 1: Board Decisions - The company held its second board meeting on October 25, 2024, where it approved the use of idle raised funds for cash management and agreed to store the remaining funds in fixed deposits [2]. - The supervisory board and the sponsor, UBS Securities Co., Ltd., expressed clear consent regarding the cash management proposal [2]. Group 2: Fund Management Details - The company intends to use up to RMB 880 million of idle raised funds for cash management, focusing on safe and liquid principal-protected products such as structured deposits and large certificates of deposit [2]. - The usage period for these funds is valid for 12 months from the date of board approval, allowing for rolling use within the specified limits [2]. - As of the announcement date, the company has already redeemed principal-protected products purchased with idle raised funds, returning both the principal and investment income to the raised funds account [2].
麦加芯彩新材料科技(上海)股份有限公司关于使用部分闲置募集资金进行现金管理赎回的公告