ANG(SH:603689) Shang Hai Zheng Quan Bao·2025-08-04 18:54Core Viewpoint - The company, Anhui Natural Gas Development Co., Ltd., is utilizing part of its idle raised funds for cash management through low-risk financial products to enhance fund efficiency and generate investment returns for the benefit of the company and its shareholders [2][6]. Group 1: Purpose of Financial Management - The purpose of entrusting financial management is to ensure compliance with national laws and regulations while not affecting daily operational funding needs and fund safety [2]. - The company aims to improve the efficiency of raised funds and obtain certain investment returns through appropriate financial management [2]. Group 2: Source of Funds - The funds for entrusted financial management come from temporarily idle raised funds from convertible corporate bonds [3]. Group 3: Financial Product Details - The company has purchased a structured deposit product linked to Industrial Bank Co., Ltd., with an investment amount of RMB 60 million, a term of 28 days, and classified as a low-risk, capital-protected product [4][6]. - The financial product is designed to ensure that it does not affect the normal operation of the company's fundraising investment projects [13]. Group 4: Risk Control Measures - The company has established internal controls for risk management, including pre-approval and risk assessment by the finance department, and ongoing monitoring of the investment product's performance [4][7]. - Specific measures include timely analysis of investment product performance, audits by the audit department, and separation of duties in investment operations [8][9][10]. Group 5: Impact on Daily Operations - The financial management initiative is expected to enhance fund utilization efficiency and provide greater returns for the company and its shareholders without disrupting normal operations [13]. Group 6: Trustee Information - The entrusted financial management is handled by Industrial Bank Co., Ltd., which is a listed company on the Shanghai Stock Exchange and has no related party relationships with the company or its controlling shareholders [12]. Group 7: Accounting Treatment - The company will conduct accounting treatment in accordance with relevant accounting standards based on the nature of the purchased financial products [15].