VITI(SH:603023) Zheng Quan Zhi Xing·2025-07-31 16:15Core Viewpoint - The company intends to utilize part of the idle funds raised from the issuance of convertible bonds for cash management to enhance fund efficiency and increase returns while ensuring that it does not affect the ongoing projects funded by these bonds [1][2][5]. Fundraising Basic Situation - The company raised a total of RMB 200 million by issuing 2 million convertible bonds at a face value of RMB 100 each in July 2018, with a net amount of RMB 192.4 million after deducting fees [1][2]. Fund Usage Status - As of July 21, 2025, the company has a remaining balance of RMB 181.72 million in its fundraising account, with a cumulative interest and investment income of RMB 24.03 million since 2018 [2][3]. Cash Management Overview - The purpose of cash management is to improve the efficiency of the raised funds, increase storage returns, and protect investors' rights while ensuring that the projects funded by the convertible bonds are not affected [3][4]. Cash Management Limits and Implementation - The company plans to use up to RMB 150 million of idle funds for cash management within 12 months, with the total amount being subject to rolling use [3][6]. Revenue Distribution from Cash Management - The income generated from cash management will belong to the company and will be managed according to regulatory requirements [4][6]. Internal Control of Cash Management Risks - The company will invest in low-risk financial products such as structured deposits and time deposits, with investment periods not exceeding 12 months, ensuring compliance with internal management requirements [4][5]. Impact on the Company - The cash management initiative will not affect the implementation of projects funded by the convertible bonds or the normal operations of the company, while potentially increasing returns for shareholders [5][6]. Decision-Making Procedures - The board of directors approved the cash management plan on July 30, 2025, allowing the use of idle funds for safe investment products [6][7].