江苏天目湖旅游股份有限公司关于使用部分闲置募集资金进行现金管理的公告

Core Viewpoint - Jiangsu Tianmuhu Tourism Co., Ltd. plans to utilize idle raised funds for cash management to enhance fund efficiency while ensuring the normal operation of investment projects and the safety of raised funds [2][3][11]. Group 1: Cash Management Overview - The company approved the use of up to CNY 21 million of idle raised funds for cash management on January 10, 2025, with a usage period not exceeding 12 months [2][8]. - An additional approval was granted for up to CNY 9 million on May 15 and May 20, 2025, under the same conditions, allowing for a total of CNY 30 million to be used for cash management [3][8]. - The cash management aims to improve fund utilization efficiency and increase returns on temporarily idle raised funds [3][4]. Group 2: Source of Funds - The funds for cash management originate from idle raised funds, which were raised through a public offering of convertible bonds totaling CNY 30 million, netting CNY 28.9731 million after issuance costs [4]. - The raised funds are designated for specific projects, including the "Nanshan Xiaozhai Phase II Project" and "Yushui Hot Spring (Phase I) Renovation Project" [4]. Group 3: Cash Management Details - The entrusted party for cash management is Industrial Bank Co., Ltd., with an initial investment of CNY 1 million in a structured deposit product [5][6]. - The structured deposit product is a principal-protected floating return type with a term of 24 days, ensuring high safety and liquidity [7]. Group 4: Financial Impact - As of March 31, 2025, the company's debt-to-asset ratio was 16.71%, with cash and cash equivalents amounting to CNY 52.54639 million, making the cash management amount of CNY 1 million represent 1.90% of the total cash [11]. - The cash management is expected to enhance the efficiency of idle funds without affecting the construction of investment projects or altering the purpose of raised funds, aligning with the interests of the company and its shareholders [11].