Hylink(SH:603825) Sou Hu Cai Jing·2025-06-23 00:33Core Viewpoint - The company has approved the use of idle raised funds to temporarily supplement its working capital, totaling up to RMB 16,166 million, with a usage period not exceeding 12 months from the date of board approval [5][19][50]. Group 1: Fund Usage and Approval - The company held a board meeting on June 20, 2025, where it approved the temporary use of idle raised funds amounting to RMB 16,166 million for working capital [19][28][50]. - The board's decision was made in accordance with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [20][50][51]. - The company has previously utilized idle funds for similar purposes, with a history of timely repayments [7][11][12]. Group 2: Fundraising Background - The company raised a total of RMB 384.12 million through a non-public offering, with a net amount of RMB 377.32 million after deducting fees [6][15]. - The funds raised are intended for various projects, including brand new retail network operations and smart marketing cloud platform construction [15][16]. Group 3: Previous Fund Usage - The company has a track record of using idle funds for temporary working capital, including RMB 13 million in 2021 and RMB 8 million in 2022, all of which were repaid within the stipulated time [7][8][9][10]. - The company has consistently notified its sponsor, CITIC Securities, regarding the repayment of these funds [12][13][14].