WBTL(SH:603596) Zheng Quan Zhi Xing·2025-07-31 16:38Cash Management Overview - The purpose of cash management is to improve the efficiency of fund utilization without affecting the construction of fundraising projects and the normal operation of the company, thereby increasing returns for the company and its shareholders [1][8] - The company plans to use a maximum of 1,300 million RMB of idle fundraising funds for cash management, with a usage period not exceeding 12 months, and the funds will be returned to the special account for fundraising after maturity [1][6] Fund Sources and Related Information - The funds for cash management come from temporarily idle fundraising funds, which were raised through the issuance of 28,020,000 convertible bonds, totaling 2,802 million RMB [2][3] - The net amount of funds raised after deducting issuance costs is intended for investment in fundraising projects [3] Investment Types and Methods - The company will strictly control risks by using temporarily idle fundraising funds to purchase safe, liquid, principal-protected financial products, including but not limited to structured deposits, time deposits, and large certificates of deposit [5][6] - The management team is authorized to handle the purchase of cash management products, including selecting qualified financial institutions and signing relevant contracts [5][6] Review Procedures - The board of directors and the supervisory board approved the cash management proposal on July 30, 2025, allowing the use of idle funds without affecting the normal operation of fundraising projects [6][8] - This matter does not require submission to the shareholders' meeting for approval [6] Impact on the Company - The cash management of idle fundraising funds will not affect the normal construction of fundraising projects and is expected to enhance the efficiency of fund utilization, providing better returns for the company and its shareholders [7][8] - The supervisory board supports the cash management initiative, affirming its compliance with relevant laws and regulations [8][9] Sponsor's Verification Opinion - The sponsor believes that the cash management initiative has been duly approved by the board and supervisory board, complies with regulatory requirements, and will not change the intended use of fundraising funds [9]