JXAC(SH:600495) Zheng Quan Zhi Xing·2025-08-05 16:32Overview - The company has announced the use of part of its idle raised funds for cash management, with a maximum amount not exceeding RMB 800 million [1][2][6] Cash Management Details - The cash management will be conducted through commercial banks, focusing on high safety and good liquidity investment products with a maturity of no more than 12 months [1][5] - The cash management period is valid for one year from the date of board approval [5] - The decision was approved by the company's eighth board meeting and the third supervisory board meeting, with clear consent from independent directors and the sponsor [2][7] Purpose and Benefits - The purpose of cash management is to improve the efficiency of the use of raised funds, as there is expected to be idle funds due to the construction progress of investment projects [2][6] - The company aims to generate additional income from these idle funds while ensuring that the investment does not affect the normal progress of the fundraising projects [6][7] Fund Source and Investment Plan - The funds for this cash management come from a non-public offering approved by the China Securities Regulatory Commission in 2013, which raised a total of RMB 1.17272724 billion [2][3] - The remaining idle raised funds as of June 30, 2025, amount to RMB 804.6137 million, including RMB 790 million in cash management products [4][5] Risk Management - The company has established internal control measures to ensure the safety of funds and compliance with relevant regulations, thus avoiding any disguised change in the use of raised funds [7][8] - The cash management products will not be pledged, and the special settlement account will not hold non-raised funds [7][8]