Nextool Technology (SH:688419) Zheng Quan Zhi Xing·2025-08-15 11:17Core Viewpoint - The company intends to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and returns while ensuring that it does not affect the construction of investment projects or the normal operations of the company [1][10]. Fundraising Basic Situation - The company was approved to publicly issue 20.5 million shares at a price of RMB 37.85 per share, raising a total of RMB 701.33 million, which was fully received by November 2, 2022 [1][2]. Investment Project Situation - The total investment amount for the projects funded by the raised funds is RMB 412.42 million, with the company experiencing temporary idle funds due to the construction cycle of these projects [3][4]. Previous Authorization for Cash Management - The company’s board approved the use of up to RMB 670 million of temporarily idle funds for cash management on December 3, 2022, allowing for investments in high-security, liquid financial products [5][6]. Current Cash Management Usage - The company plans to use up to RMB 500 million of temporarily idle funds for cash management, with a focus on safe and liquid investment products, ensuring that these funds are not used for pledging or securities investment [6][7]. Investment Purpose and Products - The purpose of using idle funds is to improve efficiency and returns without impacting project construction or fund safety. The investment products include guaranteed principal financial products, structured deposits, and large certificates of deposit [6][8]. Investment Limits and Duration - The company will use a maximum of RMB 500 million for cash management, with a validity period of 12 months from the board's approval date, allowing for rolling use of the funds within this limit [6][9]. Impact on Daily Operations - The cash management of idle funds will not affect the ongoing investment projects or the company's main business, and it aims to enhance fund efficiency and returns for shareholders [7][9]. Supervisory and Sponsor Opinions - The supervisory board agrees that the cash management plan complies with relevant regulations and will not harm the interests of shareholders, while the sponsor confirms that the necessary approval procedures have been followed [9][10].