五芳斋: 浙江五芳斋实业股份有限公司关于使用部分闲置募集资金进行现金管理到期赎回并继续进行现金管理的公告

Core Viewpoint - The company has approved the use of idle raised funds for cash management, specifically investing in structured deposit products, to enhance fund utilization and generate returns without affecting ongoing investment projects [1][6][8]. Summary by Sections Cash Management Overview - The company plans to use up to RMB 20 million of idle raised funds for cash management, with an initial investment of RMB 5 million in structured deposits [1][6]. - The cash management decision was approved in meetings held on April 15, 2025, ensuring it does not impact the normal operation of investment projects [1][7]. Investment Details - The company purchased a structured deposit product from Minsheng Bank on March 17, 2025, which matured on May 30, 2025, returning the principal of RMB 5 million along with a yield of RMB 21,210 [3][4]. - A second structured deposit was also purchased on March 19, 2025, with a maturity date of June 30, 2025, and an expected annualized return of 1.0%-1.65% [5][6]. Fund Management and Safety - The raised funds are managed in a dedicated account to ensure safety and compliance with regulations, with a net amount of RMB 761.67 million after deducting related expenses [6][8]. - The company emphasizes that the cash management activities will not alter the intended use of the raised funds and will not affect the normal operations of the company [8][9]. Financial Impact - The cash management investment of RMB 5 million represents 7.10% of the company's cash reserves as of the latest financial period [8]. - As of March 31, 2025, the company's debt-to-asset ratio stands at 36.85%, indicating a stable financial position without significant liabilities [8].