Zheng Quan Zhi Xing·2025-08-15 09:17Core Viewpoint - The company, Shanghai Conglin Environmental Technology Co., Ltd., plans to use part of its temporarily idle raised funds for cash management to improve fund utilization efficiency and increase company revenue while ensuring that it does not affect the progress of investment projects [1][6]. Fundraising Basic Situation - The company raised a total of RMB 158,998.56 million from the public offering of 26,606,185 shares at a price of RMB 59.76 per share, with a net amount of RMB 143,688.96 million after deducting issuance costs of RMB 15,309.60 million [1][2]. Fund Investment Project Basic Situation - The raised funds are planned to be allocated to several projects, with a total investment amount of RMB 236,786.27 million, adjusted to RMB 203,000.00 million for the projects listed [2]. Cash Management Basic Situation - The company intends to use up to RMB 600 million of idle raised funds for cash management, with a decision validity period of 12 months from the board's approval date [4][6]. Cash Management Products - The company will invest in low-risk, highly liquid principal-protected financial products or deposit products, with investment periods not exceeding 12 months [4][5]. Implementation and Disclosure - The board has authorized the chairman to make investment decisions and sign relevant contracts, with the finance department responsible for implementation. The company will disclose cash management details in accordance with regulatory requirements [4][5]. Impact on the Company - The cash management of idle funds will not change the intended use of the raised funds or affect the progress of investment projects, thereby improving fund utilization efficiency and increasing company revenue [6][7]. Review and Decision Procedures - The board and supervisory board approved the cash management proposal on August 15, 2025, allowing the use of up to RMB 600 million of idle funds without requiring shareholder meeting approval [7][8]. Sponsor's Verification Opinion - The sponsor, CITIC Securities, confirms that the company's decision to use idle funds for cash management has been approved by the necessary governance bodies and complies with relevant regulations [8].