XHW(SH:603888) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-06 00:10Core Viewpoint - The company has approved the use of idle raised funds for cash management, with a total amount not exceeding RMB 700 million, to enhance the efficiency of fund utilization and obtain better investment returns [2][4]. Group 1: Cash Management Approval - The company held board and supervisory meetings on October 28, 2024, and July 14, 2025, to approve the proposals for using idle raised funds for cash management [2][4]. - The total amount for cash management is capped at RMB 700 million, with a usage period until October 27, 2025 [2][4]. Group 2: Previous Cash Management Activities - On February 5, 2025, the company purchased RMB 300 million in fixed-term deposits from Nanjing Bank, which was redeemed on August 5, 2025, yielding a return of RMB 2.6396 million [3][4]. - The investment purpose is to improve the efficiency of raised funds while ensuring that it does not affect the construction of projects funded by the raised capital [3][4]. Group 3: Investment Details - The investment amount for the current cash management is RMB 300 million, sourced from idle raised funds [4][5]. - The investment type is seven-day notice deposits, which are considered low-risk and liquid, ensuring that the funds are not misused and do not affect ongoing projects [5][6]. Group 4: Financial Impact - The cash management activities are expected to enhance the efficiency of idle raised funds without impacting the company's normal operations or the investment plans [8][9]. - The company aims to ensure compliance with relevant regulations and protect the interests of all shareholders, particularly minority shareholders [8][9].