江苏华辰: 江苏华辰第三届董事会第二十次会议决议公告

Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. has made significant decisions regarding the use of raised funds, focusing on improving fund efficiency and ensuring compliance with regulations [1][2][3] Group 1: Board Meeting Details - The third meeting of the board of directors was held on August 2, with all 8 directors present, confirming the legality and validity of the meeting [1] - The meeting was convened by Chairman Zhang Xiaojin, with all senior management in attendance [1] Group 2: Fund Usage Resolutions - The board approved the use of raised funds to replace self-raised funds previously invested in projects and to cover issuance costs, totaling RMB 301.8563 million [1][2] - The board agreed to use bank acceptance bills and letters of credit for project funding, with a commitment to replace these with raised funds without affecting the investment plan [2] - The board authorized the use of up to RMB 70 million of idle raised funds for cash management to enhance returns for the company and shareholders, with a 12-month validity for this decision [2][3]