AsAc(SH:601890) Shang Hai Zheng Quan Bao·2025-08-01 19:10Core Viewpoint - Jiangsu Yaxing Anchor Chain Co., Ltd. plans to use up to 1.6 billion yuan of its idle funds to purchase financial products, aiming to enhance capital efficiency and generate greater economic benefits while ensuring normal operational liquidity [2][3]. Group 1: Financial Product Details - The company has approved the investment of 930 million yuan in the "Yuanbo Chengfeng Quantitative No. 18 Private Securities Investment Fund" [6][10]. - The fund's investment scope includes various financial instruments such as stocks, bonds, and other securities, with the ability to participate in new stock subscriptions and margin trading [8]. - The fund will have an open-ended structure starting from July 31, 2025, with management fees of 0.2% per year and custody fees of 0.01% per year [10]. Group 2: Risk Management and Oversight - The company has established internal controls to monitor the investment, including regular assessments of potential risks and audits by the internal audit department [4][5]. - The independent directors and supervisory board have the authority to oversee the use of funds and may engage professional institutions for audits if necessary [5]. Group 3: Financial Impact - The investment of 930 million yuan represents 6.24% of the company's cash holdings and 2.40% of its net assets as of March 31, 2025, indicating that it will not significantly impact the company's main business or financial condition [9].