GenTech(SH:688596) Shang Hai Zheng Quan Bao·2025-04-21 21:01Group 1 - The core point of the announcement is that Shanghai Zhengfan Technology Co., Ltd. has approved the use of temporarily idle raised funds for cash management and the replacement of self-raised funds with convertible bond funds [3][4][22]. - The fourth Supervisory Board meeting was held on April 18, 2025, with all three supervisors present, ensuring the legality and validity of the resolutions [2]. - The company plans to use up to RMB 700 million (including principal) of temporarily idle raised funds for cash management, focusing on high-security and liquid financial products [7][9]. Group 2 - The company has raised a total of RMB 1,041.095 million through the issuance of 10,410,950 convertible bonds, with a net amount of RMB 1,026.3615 million after deducting issuance costs [23]. - The company intends to replace RMB 366.2818 million (including tax) of self-raised funds that were previously invested in projects and RMB 2.1882 million (excluding tax) for issuance costs with the raised funds [22][24]. - The replacement of funds is compliant with relevant regulations, and the time frame for replacement does not exceed six months from the date of fund receipt [25][27].