Core Viewpoint - The company, Yantai Yatong Precision Machinery Co., Ltd., plans to utilize temporarily idle raised funds for cash management, with a total amount not exceeding 150 million RMB, to enhance fund efficiency and increase returns without affecting the implementation of fundraising projects [2][10]. Group 1: Cash Management Details - The company has approved the use of 80 million RMB from temporarily idle raised funds for cash management [3][6]. - The cash management products selected are high-security, liquid, and principal-protected financial products, including structured deposits [12][10]. - The cash management period for the structured deposit with Lido Company is 30 days, while the structured deposit with China Merchants Bank is 23 days [8]. Group 2: Fund Sources and Usage - The funds for cash management come from idle raised funds, which were raised through an initial public offering (IPO) that generated a net amount of 784.3481 million RMB after deducting issuance costs [4]. - The company has established a special account for the raised funds and signed a tripartite supervision agreement with the bank and the sponsor [4]. Group 3: Approval Process - The board of directors and the supervisory board have both approved the cash management plan, confirming it will not affect the fundraising project’s progress or the company’s normal operations [11][10]. - The sponsor has issued a no-objection opinion regarding the cash management plan, which does not require submission to the shareholders' meeting for approval [10][11]. Group 4: Impact on the Company - The planned cash management will not impact the funding needs of the company's fundraising projects or its main business development, while also providing potential investment returns for the company and its shareholders [15]. - The company will follow relevant accounting standards for financial instruments and its financial policies for accounting treatment [15].
烟台亚通精工机械股份有限公司关于使用暂时闲置募集资金进行现金管理到期赎回并继续现金管理的公告