Zheng Quan Zhi Xing·2025-07-22 16:04Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance the efficiency and returns of the funds while ensuring that the investment plans remain unaffected and the safety of the raised funds is guaranteed [2][5][8] Cash Management Overview - The purpose of the cash management is to improve the efficiency and returns of the raised funds without affecting the normal investment plans and ensuring the safety of the funds [2][5] - The maximum daily balance for cash management is set at RMB 500 million, with an authorization period of 12 months from the board's approval date [2][3] - The source of funds for this cash management is the idle raised funds [2] Fundraising and Investment Projects - The company has raised a total of RMB 577.2 million from a non-public offering of 413,916,713 shares at a price of RMB 14.02 per share, after deducting issuance costs [3] - As of June 30, 2025, the balance of the raised funds account is RMB 706.8 million, which includes earnings from cash management and bank interest [3][5] - The company is advancing its investment projects according to the planned usage of the raised funds [3] Cash Management Investment Methods - The cash management will involve investments in safe, liquid, and principal-protected products, including bank deposits and other financial instruments [5][6] - The company will ensure that the cash management products do not involve non-raised funds or other uses [5][6] Decision-Making Process - The cash management plan was approved by the company's board and supervisory committee on July 22, 2025, without needing shareholder approval [6] - The supervisory committee supports the cash management plan, stating it will not affect the normal investment plans or harm shareholder interests [6][8] Impact of Cash Management - The cash management is designed to not affect the normal operations of the investment projects or the company's main business while improving fund efficiency and generating returns for the company and its shareholders [8]