Yanggu Huatai(SZ:300121) Zheng Quan Zhi Xing·2025-08-13 16:23Core Viewpoint - The company has approved the use of part of its idle raised funds and self-owned funds for cash management, aiming to enhance fund utilization efficiency and shareholder returns while ensuring that the investment projects are not affected [1][7]. Fundraising Overview - The company raised a total of RMB 650 million through the issuance of convertible bonds, with a net amount of RMB 644.15 million after deducting issuance costs [2][3]. - The funds are managed in a dedicated account with strict oversight from banks and sponsoring institutions [2]. Fund Usage Plan - The company plans to invest in a project with a total investment of RMB 730 million, specifically for the production of 65,000 tons of high-performance rubber additives [3]. - Due to the construction cycle of the investment project, some raised funds will be temporarily idle, prompting the need for cash management to improve fund efficiency [3]. Cash Management Details - The company intends to use up to RMB 300 million of idle raised funds and up to RMB 600 million of self-owned funds for cash management, with a validity period of 12 months from the board's approval [4][5]. - The funds can be used in a rolling manner within the approved limits, and the principal and returns will be returned to the dedicated account upon maturity [4]. Investment Types - The company will invest in low-risk, high-liquidity financial products such as structured deposits and large certificates of deposit, with a maximum investment period of 12 months [4][5]. Decision-Making and Oversight - The board has authorized the management to make investment decisions within the approved limits and to sign relevant contracts [5][6]. - The supervisory board has agreed that the cash management will not affect the normal operations or project progress, ensuring the safety of funds [6][7]. Compliance and Verification - The sponsoring institution has confirmed that the cash management plan complies with relevant regulations and does not alter the intended use of raised funds [7][8].