上海柏楚电子科技股份有限公司关于使用部分暂时闲置募集资金进行现金管理的公告

Core Viewpoint - The company has approved the use of up to RMB 1.07 billion of temporarily idle raised funds for cash management, ensuring that it does not affect the normal operation of investment projects and the safety of the raised funds [1][16]. Fundraising Basic Situation - The company raised a total of RMB 1.71 billion from its initial public offering (IPO) in 2019, with a net amount of approximately RMB 1.61 billion after deducting issuance costs [3]. - In 2022, the company raised approximately RMB 977.5 million from a targeted issuance of shares, with a net amount of about RMB 958.4 million after costs [4]. Cash Management Basic Situation - The purpose of using idle funds is to improve the efficiency of fund utilization and increase returns for the company and its shareholders, without changing the intended use of the funds [6]. - The company plans to use up to RMB 1.07 billion for cash management, with RMB 570 million from the 2019 IPO and RMB 500 million from the 2021 targeted issuance [7]. - The investment products will include high-security and high-liquidity options such as notice deposits, structured deposits, and large certificates of deposit [8]. Decision Validity Period - The decision is valid for 12 months from the date of approval by the board of directors [9]. Authorization Implementation Method - The board has authorized the chairman to exercise decision-making power regarding cash management, with the finance department responsible for implementation [10]. Impact on the Company - The cash management of idle funds will not affect the normal turnover of funds, the implementation of investment projects, or the normal development of the company's main business, while also increasing the efficiency and returns of the raised funds [15]. Review Procedures - The board and the supervisory board have approved the cash management proposal, ensuring compliance with relevant regulations and that it does not harm the interests of the company and its shareholders [16][22]. Opinions from Supervisory Board and Sponsor - The supervisory board agrees with the cash management plan, confirming that it will not affect the normal investment plans and does not constitute a change in the use of raised funds [17]. - The sponsor, CITIC Securities, has no objections to the cash management plan, affirming that it complies with regulatory requirements [19].