Zheng Quan Zhi Xing·2025-05-15 10:13Core Viewpoint - The company aims to enhance the efficiency of fund utilization by using temporarily idle raised funds for structured deposits, ensuring the safety of the raised funds and increasing company revenue while protecting shareholder interests [2][4]. Group 1: Fund Management Overview - The company has decided to utilize a total of RMB 800 million (80,000 million) of temporarily idle raised funds for structured deposits with two banks: China Bank and Industrial and Commercial Bank of China [3][4]. - The structured deposit amounts are divided between the two banks, with specific expected annualized returns of 1.05% and 1.72% [3][4]. Group 2: Decision-Making Process - The decision to manage cash through structured deposits was approved in the 53rd meeting of the 9th Board of Directors and reviewed by the 31st Supervisory Board meeting [4][5]. - The cash management products will not exceed RMB 3 billion and can be rolled over within 12 months, with each product having a maximum term of 12 months [5][6]. Group 3: Risk Management - The structured deposit business is considered low-risk, but the company acknowledges potential market fluctuations that could affect returns [5]. - The company has implemented measures to monitor the safety, duration, and yield of the cash management products to control risks effectively [5][6]. Group 4: Impact on Daily Operations - The structured deposits are managed by large state-owned commercial banks and are considered capital-protected products, ensuring that daily operations and investment projects are not affected [5][6]. - This cash management strategy is expected to improve the efficiency of raised fund utilization and increase company revenue, aligning with the interests of the company and its shareholders [5][6].