xinje(SH:603416) Zheng Quan Zhi Xing·2025-05-19 12:22Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management, investing in high-safety, liquid financial products to enhance fund efficiency and returns for shareholders [1][3][8]. Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to issue 16,578,633 shares at a price of RMB 23.27 per share, raising a total of RMB 385.78 million, with a net amount of RMB 380.96 million after deducting issuance costs [2][3]. Cash Management Plan - The company intends to use up to RMB 350 million of idle raised funds for cash management within 12 months from the board's approval, allowing for rolling use within this limit [4][5]. - The investment will focus on safe and liquid products such as structured deposits, large certificates of deposit, and other similar instruments, explicitly excluding any use for pledging or securities investment [5][6]. Purpose of Investment - The cash management aims to improve the efficiency of idle funds while ensuring that the investment projects funded by the raised capital are not affected [3][6]. Risk Management - The company will adhere to relevant regulations and guidelines to manage and monitor the cash management products, ensuring that any adverse factors are addressed promptly [7][8]. Approval Process - The board and supervisory committee have approved the cash management plan, confirming that it aligns with regulatory requirements and will not harm the interests of shareholders, particularly minority shareholders [8].