CRSC(SH:688009) Shang Hai Zheng Quan Bao·2025-07-31 18:59Core Viewpoint - The company has approved the use of idle raised funds for cash management, with a maximum amount of RMB 2.7 billion, ensuring that it does not affect the progress of investment projects and normal operations [6][9][22]. Meeting Details - The fourth meeting of the supervisory board was held on July 30, 2025, with three supervisors present, and the meeting complied with relevant laws and regulations [1][4]. Resolution of the Supervisory Board - The supervisory board unanimously approved the proposal for cash management of idle raised funds [2][4]. Fund Management Details - The company plans to use up to RMB 2.7 billion of idle raised funds for cash management, with a maximum investment period of 12 months [6][9]. - The investment products will include safe, liquid, and principal-protected options such as structured deposits, time deposits, and large certificates of deposit [10][12]. Purpose of Fund Usage - The cash management aims to improve the efficiency of fund usage, reduce financial costs, and increase returns while ensuring that it does not impact the investment projects [9][16]. Impact on Daily Operations - The cash management will not affect the implementation of investment projects and is expected to enhance fund efficiency and returns for the company and its shareholders [16][22]. Opinions from Supervisory Board and Sponsor - The supervisory board believes that the cash management proposal complies with regulations and does not conflict with investment project execution, thus benefiting the company's development [22]. - The sponsor, China International Capital Corporation, confirms that the cash management plan adheres to legal requirements and will not alter the intended use of raised funds [23].