Huatong Meat(SZ:002840) Zheng Quan Zhi Xing·2025-06-20 10:00Core Viewpoint - Zhejiang Huatong Meat Products Co., Ltd. has approved the use of idle fundraising funds for cash management, allowing up to RMB 400 million to be invested in high-security, liquid financial products for a period not exceeding 12 months [1][2]. Group 1: Cash Management Details - The company has decided to use part of the idle fundraising funds for cash management, with a maximum amount of RMB 400 million [1][2]. - The cash management products will be purchased within the approved limits and will not affect the company's normal operations [3][4]. - The investment products will have a maximum duration of 12 months and can be rolled over within the approved limits [2][3]. Group 2: Approval Process - The decision was made during the 21st meeting of the 5th Board of Directors and the 17th meeting of the 5th Supervisory Board on May 30, 2025 [1][2]. - The independent directors and the sponsor institution have expressed their agreement with the decision [2]. Group 3: Impact on the Company - The use of idle funds for cash management is expected to enhance the efficiency of fund utilization and generate additional returns for the company and its shareholders [4]. - The company has not engaged in cash management with idle funds in the past twelve months, except for the current instance [4].