Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, aiming to enhance cash asset returns and maximize shareholder benefits while ensuring that it does not affect the construction of investment projects or normal operations [1][10]. Investment Overview - Investment Purpose: The objective is to improve the efficiency of raised fund utilization and increase company returns without impacting the safety and use of the raised funds [3]. - Investment Amount: The cash management amount is set at RMB 120 million [4]. - Source of Funds: The funds for this cash management initiative come from temporarily idle raised funds [5]. Fundraising Details - Fundraising Background: The company raised a total of RMB 1,013.52 million through an initial public offering, with a net amount of RMB 931.92 million after deducting issuance costs [6][8]. - Fund Management: The raised funds are stored in a designated special account, and a tripartite/four-party supervision agreement has been signed with the sponsoring institution and the commercial bank [7]. Investment Projects - Investment Projects Adjustment: The company plans to adjust the investment amounts for projects based on actual conditions, ensuring that the use of raised funds remains unchanged [8]. - Investment Method: The company has subscribed to a structured deposit product from CITIC Bank, amounting to RMB 120 million, which is a low-risk, capital-protected investment [8]. Investment Duration - The investment is valid for a period of 12 months from the date of board approval [9]. Approval Process - The board and supervisory committee meetings held on March 17, 2025, approved the cash management proposal, allowing the use of up to RMB 500 million of temporarily idle funds [10][11]. Impact on the Company - The cash management initiative is expected to enhance the efficiency of idle raised funds without affecting the ongoing investment projects or the safety of the raised funds, ultimately benefiting all shareholders [15].
永杰新材料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进展公告