Zheng Quan Zhi Xing·2025-07-01 16:30Core Viewpoint - The company intends to increase the use of part of its idle raised funds for cash management, aiming to enhance the efficiency of fund utilization while ensuring that it does not affect the normal operation of fundraising projects [1][5][7]. Fundraising Basic Situation - The company raised a net amount of approximately RMB 530.63 million from its initial public offering (IPO) by issuing 30 million shares at a price of RMB 1.00 per share [1]. - As of June 23, 2025, the cumulative amount invested from the raised funds is RMB 503.52 million, with the excess attributed to interest generated from the fundraising account [2]. Cash Management Increase - The company plans to increase the cash management limit for idle funds from the IPO by RMB 40 million, bringing the total to RMB 140 million, which includes a maximum of RMB 40 million from the IPO and RMB 100 million from convertible bonds [3][4]. - The cash management will be valid for one year from the date of approval by the shareholders' meeting [4]. Investment Purpose and Method - The objective is to improve the efficiency of fund usage and obtain better investment returns without impacting the ongoing projects funded by the raised capital [3]. - The funds will be invested in low-risk, liquid, and principal-protected financial products, with individual product durations not exceeding 12 months [4]. Approval Process - The proposal to increase the cash management limit was approved by the company's board of directors, supervisory board, and is pending approval from the shareholders' meeting [5][7]. Impact on the Company - The increase in cash management is designed to ensure that it does not affect the normal operation of fundraising projects and will not harm the interests of the company or its shareholders [5][6][7]. - Utilizing idle funds for cash management is expected to enhance fund efficiency and generate additional investment returns for the company and its shareholders [6].