XTC(SH:600549) Zheng Quan Zhi Xing·2025-06-19 10:25Core Viewpoint - Xiamen Tungsten Co., Ltd. has approved the use of up to RMB 2.2 billion of idle raised funds for cash management, focusing on high-security and high-liquidity financial products with a maximum term of 12 months [2] Group 1: Cash Management Approval - The company convened its 10th Board of Directors' 9th meeting and the 10th Supervisory Board's 7th meeting on December 30, 2024, to approve the cash management proposal [2] - The approved cash management products include deposits, wealth management products, and other investment types recognized by the China Securities Regulatory Commission, with a focus on capital preservation [2] Group 2: Redemption of Cash Management Products - On May 16, 2025, the company redeemed cash management products purchased from Industrial Bank Co., Ltd., totaling RMB 38,058,909.89, which includes both principal and earnings [2] - The redeemed products included "7-day notice deposits" and "RMB structured deposit products," with expected annualized returns ranging from 1.3% to 2.06% [2] Group 3: Overall Cash Management Status - As of the announcement date, the balance of temporarily idle raised funds used for cash management does not exceed the authorized range set by the Board of Directors, and there are no overdue receivables [3]