江苏恒尚节能科技股份有限公司

Group 1 - The company plans to use up to RMB 100 million of idle raised funds for cash management, valid for 12 months from the board's approval date [1][3][14] - The investment products will be high-security, good liquidity, and with a maturity of no more than 12 months, including but not limited to bank wealth management products, structured deposits, and large certificates of deposit [1][5][6] - The purpose of cash management is to improve the efficiency of fund utilization while ensuring the safety of raised funds and not affecting the normal operation of investment projects [3][12][15] Group 2 - The company raised a total of RMB 519.4 million from the public offering of 32,666,667 shares at an issue price of RMB 15.90 per share, with a net amount of RMB 460.58 million after deducting fees [2][20] - The company has established a special account management system for the raised funds and signed a storage supervision agreement with the sponsor and the bank [2][29] - The company will ensure that the cash management income belongs to the company and will be managed according to regulatory requirements [8][12][26] Group 3 - The company has received approval from the board and the supervisory committee for the use of idle funds for cash management, ensuring that it does not affect the normal operation of investment projects [14][15][24] - The supervisory committee and the sponsor have expressed their agreement with the cash management plan, confirming that it aligns with regulatory requirements and does not harm the interests of the company and its shareholders [15][26][37] Group 4 - The company announced a delay in the investment project timeline due to macroeconomic conditions and market demand changes, extending the expected completion date from April 2025 to April 2027 for certain projects [30][32][33] - The decision to delay the projects is based on a careful assessment of the current business development and market conditions, ensuring the effective use of raised funds [33][34][35]