Zheng Quan Zhi Xing·2025-06-20 08:54Core Viewpoint - The company intends to utilize temporarily idle convertible bond funds for cash management to enhance fund efficiency and returns while ensuring the normal implementation of investment projects and safeguarding shareholder interests [1][4][6]. Fundraising Status - The company issued convertible bonds totaling RMB 694 million with a net fundraising amount of RMB 691.4 million after deducting issuance costs of RMB 2.6 million. The funds have been fully received and deposited into a special account [1][2]. Investment Project Details - The net proceeds from the bond issuance will be allocated to specific projects, including a photovoltaic packaging material project with a total investment of RMB 940.7 million, of which RMB 691.4 million will be funded by the raised capital [2]. Cash Management Plan - The company plans to use up to RMB 220 million of the temporarily idle convertible bond funds for cash management within a 12-month period, allowing for rolling use of the funds [3][4]. Investment Types - The company will invest in low-risk, high-liquidity financial products, including structured deposits, agreement deposits, notice deposits, fixed-term deposits, and large-denomination certificates of deposit [3][5]. Decision-Making Authority - The board of directors has authorized the chairman to make cash management investment decisions and sign relevant contracts, with the finance department responsible for implementation [4][5]. Cash Management Returns - Any returns from the cash management activities will belong to the company and will be managed according to regulatory requirements, with funds returned to the special account upon maturity [4][5]. Impact on Daily Operations - The cash management initiative will not affect the normal operation of the company's investment projects or daily business, and is expected to improve fund efficiency and shareholder returns [4][6]. Review Procedures and Opinions - The board of directors and the audit committee have approved the cash management plan, confirming compliance with relevant regulations and ensuring no conflict with the intended use of the raised funds [6][7]. Sponsor's Verification Opinion - The sponsor has verified that the cash management plan has been duly approved and complies with regulatory requirements, supporting the company's goal of enhancing fund efficiency without altering the intended use of the raised funds [7].