Zheng Quan Zhi Xing·2025-05-21 08:23Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, aiming to enhance the efficiency and returns of these funds while ensuring the normal implementation of investment projects and the safety of the raised funds [1][2]. Group 1: Cash Management Purpose and Details - The purpose of cash management is to improve the efficiency and returns of temporarily idle raised funds, ensuring that the investment plans proceed normally and the safety of the funds is maintained [1]. - The company plans to use up to RMB 930 million for cash management, with an initial investment of RMB 400 million in a 6-month bank large denomination certificate of deposit [1][2]. Group 2: Approval Process - The board of directors convened on April 29, 2025, to review and approve the cash management proposal, with clear consent from the supervisory board, independent directors, and the sponsor, CITIC Securities [2]. Group 3: Impact on the Company - The cash management initiative will not affect the ongoing investment projects and construction processes, and it is expected to enhance the efficiency of fund usage while generating certain investment returns, benefiting the company and all shareholders [3][4]. Group 4: Current Status of Idle Funds - As of the announcement date, aside from the RMB 400 million invested in the bank large denomination certificate of deposit, the remaining idle funds are held in a time deposit form in the raised funds account, which can be accessed at any time [4].