HIUV(SH:688680) Zheng Quan Zhi Xing·2025-06-20 09:21Core Viewpoint - Shanghai Haiyouwei New Materials Co., Ltd. has approved the use of idle convertible bond funds for cash management, with a maximum amount of RMB 220 million, to enhance fund efficiency and returns while ensuring the normal operation of investment projects and safeguarding shareholder interests [1][5][8]. 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 for fundraising [1][2]. Investment Project Details - The net fundraising amount of RMB 691.4 million will be allocated to the photovoltaic packaging materials project, with a total investment of RMB 940.7 million [2][3]. Cash Management Plan - The company plans to use up to RMB 220 million of idle convertible bond funds for cash management over a period of 12 months, allowing for rolling use of the funds [3][5]. - The investment will focus on high-security, liquid products with capital protection agreements, such as structured deposits and time deposits [5][6]. Decision-Making Process - The decision to use idle funds was approved in a board meeting held on June 16, 2025, and the board has authorized the chairman to make investment decisions within the approved limits [6][8]. - The board's audit committee supports the cash management plan, stating it aligns with regulatory requirements and does not conflict with the intended use of the convertible bond funds [7][8]. Regulatory Compliance - The cash management activities will comply with relevant regulations and will be disclosed in accordance with the rules of the Shanghai Stock Exchange and the company's fundraising management system [5][9].