JQH(SZ:002885) Zheng Quan Zhi Xing·2025-07-04 16:22Core Viewpoint - Shenzhen Jingquan Technology Co., Ltd. has approved the use of temporarily idle raised funds and self-owned funds for cash management, with a total limit of up to RMB 200 million for raised funds and RMB 300 million for self-owned funds, to be utilized within 12 months from the date of approval [1][2]. Summary by Sections Cash Management Situation - The company and its wholly-owned subsidiary, Heyuan Jingquan Technology Co., Ltd., have engaged in cash management by purchasing wealth management products from various financial institutions, including Ningbo Bank, Guotai Junan Securities, and China Galaxy Securities [2][3]. - The total amount of temporarily idle raised funds and self-owned funds used for cash management is within the authorized limits set by the board and shareholders [6]. Investment Products - The company plans to invest in low-risk, high-liquidity financial products with a maturity of no more than 12 months, including fixed-income and principal-protected wealth management products [2][4]. - Specific products purchased include: - RMB 20 million in fixed deposits with an expected annualized return of 2.05% from Ningbo Bank [2]. - RMB 2 million in Guotai Junan's wealth management products with expected returns between 1.3% and 4.66% [3]. - RMB 5 million in China Galaxy's principal-protected products with returns ranging from 1% to 5.8% [3]. Risk Control Measures - The company has established strict evaluation and risk control measures for cash management, ensuring that investments are made in safe and liquid products [2][4]. - Regular checks and audits will be conducted to monitor the performance of cash management products [4]. Impact on Daily Operations - The utilization of temporarily idle funds for cash management will not affect the company's production operations or the implementation of fundraising projects, thereby enhancing fund efficiency and returns for shareholders [4][6].