NEO(SH:600184) Shang Hai Zheng Quan Bao·2025-08-11 19:14Core Viewpoint - The company has announced the use of temporarily idle raised funds for cash management, specifically through the purchase of large-denomination time deposits, aiming to enhance fund utilization efficiency while ensuring the safety of the raised funds [2][9]. Summary by Sections Cash Management Overview - The company plans to invest up to RMB 1 billion (including RMB 1 billion) of temporarily idle raised funds in cash management, with a usage period of 12 months from the board's approval date [2][3]. - The cash management purpose is to improve the efficiency of raised fund utilization while ensuring that it does not affect the construction and use of investment projects [3][9]. Financial Details - The total investment amount for cash management is RMB 1 billion [4]. - The source of funds for this cash management comes from temporarily idle raised funds, which were raised through a specific stock issuance totaling approximately RMB 1.02 billion, with a net amount of about RMB 1.01 billion after deducting related expenses [5][6]. Risk Management - The company acknowledges that while the chosen cash management products are low-risk, they are still subject to market fluctuations influenced by macroeconomic conditions [7]. - The company will implement strict compliance with relevant regulations and will monitor the cash management products closely, taking necessary protective measures if adverse factors are identified [8]. Impact on the Company - The cash management initiative is expected to enhance fund utilization efficiency and increase returns for the company and its shareholders, without impacting the normal development of the company's main business or the implementation of investment projects [9].