IRAY TECHNOLOGY(SH:688301) Zheng Quan Zhi Xing·2025-08-15 13:20Core Viewpoint - The company plans to utilize up to RMB 460 million of temporarily idle raised funds for cash management, focusing on low-risk, high-liquidity principal-protected products to enhance fund efficiency and maximize shareholder returns [1][9][11]. Fundraising Overview - The company raised a total of RMB 2,176.72 million from its initial public offering (IPO) by issuing 18.2 million shares at RMB 119.60 each, with a net amount of RMB 2,077.16 million after deducting related expenses [3]. - The company also issued convertible bonds totaling RMB 1,435.01 million, with a net amount of RMB 1,421.31 million after expenses [4]. Cash Management Plan - The company intends to invest the idle funds in safe, liquid, low-risk principal-protected products, including but not limited to wealth management products, structured deposits, fixed deposits, large certificates of deposit, and seven-day notice deposits [7][9]. - The investment will be executed within a maximum period of 12 months from the board's approval date, allowing for rolling use of the funds [7][9]. Approval Process - The board and supervisory committee approved the cash management plan on August 15, 2025, with no need for shareholder meeting approval [2][8][12]. - The supervisory committee and the sponsor institution provided clear consent and no objections to the plan [2][12]. Impact on Operations - The cash management strategy is designed to ensure that the investment projects funded by the raised capital are not affected, maintaining the progress of the company's core business operations [9][11]. - The company aims to enhance the efficiency of fund usage and generate additional returns without altering the original fundraising purposes [10][11].