NARI-TECH(SH:600406) Zheng Quan Zhi Xing·2025-06-12 09:27Core Viewpoint - The company has successfully recovered a total of 143,100 million RMB from cash management products, generating a return of 788.95 million RMB, and continues to manage idle raised funds for financial investments [1][3][4]. Cash Management Recovery Situation - The company and its subsidiaries recovered a total of 143,100 million RMB from cash management products on June 11 and June 12, 2025, with a total return of 788.95 million RMB [1][3][4]. - The recovered principal and earnings have been deposited into the fundraising account [3]. Ongoing Cash Management Progress - The company held board meetings on August 27, 2024, to approve the use of idle raised funds for cash management [1][4]. - The cash management is based on idle raised funds, ensuring the safety of the raised funds through specialized accounts and agreements with independent financial advisors [4][5]. Cash Management Product Details - The company has entered into agreements for structured deposit products with various banks, including: - CITIC Bank: 15,300 million RMB in a structured deposit with expected annual returns of 1.00%, 1.68%, or 2.18% [9]. - China Merchants Bank: 45,300 million RMB in a structured deposit with expected returns of 2.10% or 2.30% [9]. - The products are designed to be low-risk, with a focus on capital preservation and liquidity [8][9]. Fundraising Background - The company raised 6,020,040,632.51 RMB through a non-public offering approved by the China Securities Regulatory Commission, with all funds received by April 8, 2018 [4]. - The company has established specialized accounts for managing the raised funds in compliance with regulatory requirements [4].