Zheng Quan Zhi Xing·2025-08-07 16:11Core Viewpoint - The company, Northern Optoelectronics Co., Ltd., is utilizing temporarily idle raised funds for cash management to enhance fund efficiency and increase returns for the company and its shareholders [2][6][7]. Fundraising Basic Information - The company has received approval from the China Securities Regulatory Commission to issue 73,966,642 A-shares at a price of RMB 13.79 per share, raising a total of approximately RMB 1.01 billion [2][3]. - As of July 8, 2025, the raised funds have been fully transferred to the company's designated account [2]. Investment Project Information - The total investment amount for the projects funded by the raised capital is RMB 1.07 billion, with RMB 1.02 billion allocated from the raised funds [3]. Cash Management Details - The company plans to use up to RMB 1 billion of temporarily idle raised funds for cash management within a 12-month period, starting from the board's approval date [4][6]. - The cash management products will include low-risk options such as time deposits and large certificates of deposit, ensuring high safety and liquidity [4]. Implementation and Oversight - The board has authorized the management to make cash management decisions within the approved limits, with the finance department responsible for execution [4][5]. - The company will ensure that the cash management does not involve changing the purpose of the raised funds and will not affect the ongoing investment projects [5][6]. Impact on the Company - The cash management of temporarily idle funds is expected to improve fund efficiency and increase returns for the company and its shareholders without impacting the normal operations or investment projects [6][7]. Approval Process - The board and supervisory committee approved the cash management proposal on August 7, 2025, confirming compliance with relevant regulations [6][7].