Zheng Quan Zhi Xing·2025-08-08 09:20Core Viewpoint - The company intends to utilize part of its idle A-share fundraising for cash management to enhance fund efficiency and returns for shareholders while ensuring that it does not affect the ongoing investment projects funded by the A-share fundraising [6][11]. Summary by Sections A-share Initial Public Offering Fundraising Overview - The company raised a total of RMB 175,809.60 million from the issuance of 25,260,000 A-shares at a price of RMB 6.96 per share, with a net amount of RMB 158,377.68 million after deducting issuance costs [1]. A-share Fundraising Investment Project Status - The company has terminated several projects, including the "Coating Line Upgrade Project" and "New Marketing Construction Project," reallocating RMB 46,095.80 million of the A-share fundraising to new high-end manufacturing projects [2][3]. Cash Management of Idle A-share Fundraising - The company plans to use up to RMB 63,000.00 million of idle A-share funds for cash management, investing in low-risk, high-liquidity financial products such as time deposits and structured deposits [6][7][9]. Approval Process - The cash management proposal has been approved by the company's board of directors, supervisory board, and independent directors, confirming that it will not harm the interests of shareholders, especially minority shareholders [9][10][11]. Impact on the Company - The cash management initiative is expected to improve fund utilization efficiency without affecting the normal implementation of A-share fundraising investment projects, thereby potentially increasing returns for the company and its shareholders [6][11].