Shang Hai Zheng Quan Bao·2025-07-31 17:56Core Viewpoint - The company plans to use part of its idle raised funds for cash management, ensuring that it does not affect the progress of fundraising projects and normal operations [2][5][9]. Group 1: Cash Management Details - The cash management trustee is CITIC Bank, with a redemption amount of RMB 50 million and a continuation amount of RMB 50 million [2]. - The cash management product for redemption is a structured deposit with a term of 90 days, while the continuing product is a large-denomination certificate of deposit [2][12]. - The company has successfully redeemed the structured deposit, recovering the principal of RMB 50 million and earning a return of RMB 278,600 [4]. Group 2: Purpose and Amount of Cash Management - The purpose of cash management is to improve the efficiency of idle raised funds and increase cash asset returns while ensuring that it does not impact project construction and normal operations [5]. - The amount allocated for cash management is RMB 50 million [6]. Group 3: Approval Process - The company held its annual general meeting on May 21, 2025, where it approved the use of idle raised funds for cash management, with a maximum limit of RMB 760 million [9]. - The approval process included consent from the supervisory board and the sponsor institution [9]. Group 4: Impact on Financials - The use of RMB 50 million for cash management represents 8.04% of the company's cash balance of RMB 621.99 million as of the latest reporting period [13]. - This cash management strategy is expected to enhance cash asset returns without affecting the company's main business operations [13].