Core Viewpoint - Shandong Kuntai New Materials Technology Co., Ltd. has approved the use of idle raised funds for cash management, allowing up to RMB 50 million for investments in low-risk financial products, ensuring that it does not affect the construction of investment projects [1] Group 1: Cash Management Approval - The company held its 14th meeting of the second board and supervisory board on January 23, 2025, where it approved the proposal to use idle raised funds for cash management [1] - The approved amount for cash management is up to RMB 50 million, valid for 12 months from the date of approval [1] Group 2: Cash Management Implementation - The company has utilized RMB 10 million of idle raised funds to purchase structured deposits from Qingdao Bank, Yantai Development Zone [2] - The total investment income from cash management activities is reported to be RMB 34,520.55, with both principal and income deposited into the designated raised funds account [2] Group 3: Current Status of Cash Management - As of the announcement date, the company has a remaining balance of RMB 20 million in unexpired cash management products, which is within the authorized limit set by the board [3] - All matured financial products have returned principal and income as scheduled [3]
坤泰股份: 关于使用部分闲置募集资金进行现金管理到期赎回的公告