Core Viewpoint - The company plans to manage part of its temporarily idle raised funds through cash management to enhance fund utilization efficiency and increase investment returns [4][11]. Group 1: Cash Management Overview - The company has allocated 15 million yuan of temporarily idle raised funds for cash management, specifically investing in bank financial products [2][3]. - The cash management decision was approved during the board and supervisory meetings held on August 26, 2024 [2][13]. - The company has successfully redeemed the principal of 15 million yuan and received an investment return of 73,100 yuan from a structured deposit with Bank of China [3]. Group 2: Investment Purpose and Source - The primary objective of the cash management is to improve the efficiency of fund usage without affecting the construction of investment projects and normal operations [4]. - The funds for this cash management initiative are sourced from temporarily idle raised funds [5]. Group 3: Cash Management Product Details - The cash management products selected are characterized by high safety, good liquidity, and a maximum term of 12 months, with a capital protection agreement [9]. - The cash management is conducted with Bank of China Yixing Branch, which has no related party relationship with the company [7]. Group 4: Risk Control Measures - The company has established a robust approval and execution process for purchasing financial products to ensure the safety of the invested funds [10]. - The company will adhere to prudent investment principles and select reputable issuers for the financial products [10]. - The finance department will monitor the investment products and take necessary measures if risks are identified [10]. Group 5: Impact on Company Operations - The use of temporarily idle raised funds for cash management will not affect the implementation of investment projects or the normal operations of the company [11]. - This strategy is expected to enhance fund utilization efficiency and generate additional investment returns for the company [11]. Group 6: Approval Procedures - The company has previously approved the use of up to 515 million yuan for cash management, which was later increased to 565 million yuan [12]. - The most recent approval allows for the use of up to 520 million yuan for cash management [13].
江苏恒兴新材料科技股份有限公司关于部分闲置募集资金现金管理到期赎回并继续进行现金管理的公告