Core Viewpoint - The company is utilizing part of its temporarily idle raised funds for cash management, specifically through large-denomination certificates of deposit, amounting to RMB 200 million [1][3]. Group 1: Cash Management Details - The cash management amount is RMB 200 million, aimed at improving the efficiency of fund usage and increasing returns for the company and its shareholders [3][6]. - The company has received approval to use up to RMB 220 million of temporarily idle raised funds for cash management, with a usage period not exceeding 12 months [2][6]. - The funds will be invested in low-risk, principal-protected financial products, ensuring that the investment does not affect the ongoing projects funded by the raised capital [3][7]. Group 2: Investment and Financial Management - The company has established a special account for managing the raised funds, which have been deposited in accordance with regulatory requirements [3][6]. - The investment products chosen are characterized by high safety and liquidity, and the company will ensure that the funds are returned to the special account upon maturity [6][7]. - The cash management activities will be reported in the financial statements according to new financial instrument standards [7].
海阳科技: 海阳科技关于使用部分暂时闲置募集资金进行现金管理的进展公告